542 S Cloverdale St, Seattle, WA 98108

$699,950
2,787
SqFt

Listing courtesy of Windermere Real Estate Midtown.

List Price
$699,950
Status
ACTIVE
MLS#
1506152
Days on Market
37
Style
54 - 4-Plex
Building Condition
['Average']
Finished SqFt
2,787
Lot Size (sq ft)
4,500

Property Description

Amazing opportunity knocks! Welcome to this low-maintenance 4-plex with 6.27% cap rate! This building has units ranging from studios to 3 bedroom apartments with updated kitchens double paned windows, a coin-operated W/D utility room, easy landscaping, and is very easy to rent! Convenient access to downtown Seattle, south of town, bus lines and more. Plenty of parking with 8 spaces. Purchase, relax, and let your money work for you!

Additional Information

List Date
2019-08-15 00:00:00
Community
South Park
Property Type
MULT
Units
4
Stories
4
Potential Terms
Cash Out, Conventional
Year Built
1990
Total Parking
8
Uncovered Parking
8
View
Territorial
Exterior
Metal/Vinyl
Roof
Composition
Site Features
Deck, Fenced-Partially, Patio
Lot Details
Alley, Curbs, Paved Street, Sidewalk
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$4,970
Gross Scheduled Income
$59,640
Gross Adjusted Income
$59,640
Annual Taxes
$5,028
Tax Year
2018
Insurance Expense
$1,788
W/S/G Expenses
$6,000
Total Expenses
$15,716
Net Operating Income
$43,924
Gross Rent Multiplier
11
Cap Rate
6

Room Dimensions

Unit 1 Beds
1
Unit 1 Size
400
Unit 1 Rent
$875
Unit 2 Beds
1
Unit 2 Size
440
Unit 2 Rent
$1,000
Unit 3 Beds
2
Unit 3 Size
800
Unit 3 Rent
$1,200
Unit 4 Beds
4
Unit 4 Baths
1.50
Unit 4 Size
1147
Unit 4 Rent
$1,895
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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Calculator source: Real Geeks