1124 Lakeview Blvd E, Seattle, WA 98102

$1,450,000
2,188
SqFt

Listing courtesy of Venture Real Estate Group LLC.

List Price
$1,450,000
Status
ACTIVE
MLS#
1527186
Price Change
▼ $60,000 1573256837
Days on Market
138
Style
54 - 4-Plex
Building Condition
['Good']
Finished SqFt
2,188
Lot Size (sq ft)
3,744

Property Description

Price reduced! Amazing views of Lake Union from every unit, prime Capitol Hill location, new roof 2015, new sewer main 2007, unfinished basement for expansion, possibly add stairs to make current ground floor units larger, possible 5.18%+ cap. Great value add opportunity. 4plex with 1 bed/1 bath units, lives large & spacious, w/ abundance of natural light, hardwoods throughout. LR2 Zoning, easy access to Amazon, SLU, Google, Facebook, I5 and Eastside. Excellent owner occupied property.

Additional Information

List Date
2019-10-04 00:00:00
Community
Capitol Hill
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1912
View
City, Lake, Mountain, Territorial
Exterior
Stucco
Roof
Flat, Torch Down
Site Features
Cable TV, Deck
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Elementary School
Lowell
Middle School
Meany Mid
High School
Garfield High
Total Monthly Income
$7,484
Gross Scheduled Income
$93,120
Vacancy Rate
3
Gross Adjusted Income
$90,326
Annual Taxes
$9,816
Tax Year
2019
Insurance Expense
$1,437
W/S/G Expenses
$3,774
Total Expenses
$18,697
Net Operating Income
$71,629
Gross Rent Multiplier
15
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
680
Unit 1 Rent
$1,855
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
680
Unit 2 Rent
$1,855
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
680
Unit 3 Rent
$1,875
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
680
Unit 4 Rent
$1,875
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