4755 Sand Point Wy NE, Seattle, WA 98105

$869,950

Listing courtesy of Windermere Real Estate Co..

List Price
$869,950
Status
PENDING INSPECTION
MLS#
1479830
Days on Market
90
Style
52 - Duplex
Lot Size (sq ft)
1,940

Property Description

Come by and see this Sand Point Way Duplex on the market for the first time in decades. With close proximity to the UW, Children's Hospital, The U Village Magnuson Park, The Burke Gillman trail and much more make these units highly easily rented. There is massive opportunity for increased revenue stream, charge for the 4 parking spots, convert the covered parking into a studio or 1 bedroom, renovate the units and increase the rents which expire in Feb and March and are far below market rates.

Additional Information

List Date
2019-06-27 00:00:00
Community
Laurelhurst
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1970
Total Parking
4
Uncovered Parking
2
Exterior
Brick, Stucco, Wood Products
Roof
Torch Down
School District
Seattle
Elementary School
Laurelhurst
Middle School
Eckstein Mid
High School
Roosevelt High
Gross Scheduled Income
$41,030
Gross Adjusted Income
$44,962
Annual Taxes
$6,474
Tax Year
2018
W/S/G Expenses
$1,501
Total Expenses
$13,754
Net Operating Income
$31,208
Gross Rent Multiplier
19
Cap Rate
3

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.75
Unit 1 Size
1030
Unit 1 Rent
$1,595
Unit 2 Beds
2
Unit 2 Baths
1.75
Unit 2 Size
1030
Unit 2 Rent
$1,695
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