304 25th Ave S, Seattle, WA 98144

$949,000
2,220
SqFt

Listing courtesy of Windermere Real Estate Midtown.

List Price
$949,000
Status
PENDING INSPECTION
MLS#
1484490
Price Change
▼ $50,000 1564720481
Days on Market
86
Style
53 - Tri-plex
Building Condition
['Average']
Finished SqFt
2,220
Lot Size (sq ft)
2,968

Property Description

Sitting within a block of the mixed-use Vulcan project at 23rd and Jackson that is slated to open in 2020 and will likely become a pillar of Seattle’s Central District, this 1903-built triplex awaits. Tucked along a tree-lined street you’ll appreciate updated finishes, in-unit laundry in two units, strong financials, and minimal vacancies. With easy access to I-5 and I-90, plus minutes from Harborview, Seattle U, and downtown, this is the investment opportunity you’ve been waiting for!

Additional Information

List Date
2019-07-03 00:00:00
Community
Central Area
Property Type
MULT
Units
3
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1903
View
Territorial
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Gas Available, Gated Entry
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Elementary School
Leschi
Middle School
Meany Mid
High School
Garfield High
Total Monthly Income
$5,400
Gross Scheduled Income
$64,800
Vacancy Rate
2
Gross Adjusted Income
$63,504
Annual Taxes
$6,129
Tax Year
2019
Insurance Expense
$1,356
W/S/G Expenses
$2,478
Total Expenses
$11,163
Net Operating Income
$52,341
Gross Rent Multiplier
15
Cap Rate
5

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
486
Unit 1 Rent
$1,500
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
612
Unit 2 Rent
$1,200
Unit 3 Beds
3
Unit 3 Baths
1.00
Unit 3 Size
1092
Unit 3 Rent
$2,700
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

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