1124 Lakeview Blvd E, Seattle, WA 98102

$1,510,000
2,188
SqFt

Listing courtesy of Venture Real Estate Group LLC.

List Price
$1,510,000
Status
ACTIVE
MLS#
1527186
Days on Market
11
Style
54 - 4-Plex
Building Condition
['Good']
Finished SqFt
2,188
Lot Size (sq ft)
3,744

Property Description

Amazing views of Lake Union from every unit in charming building in prime Capitol Hill location, newer roof, unfinished basement leaves room for expansion, possibly add stairs to make current ground floor units larger, possible 5.18% cap maybe more. Great value add opportunity. 4-plex with 1 bed/1 bath units, lives large & spacious, with 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
$89,808
Vacancy Rate
3
Gross Adjusted Income
$87,114
Annual Taxes
$9,816
Tax Year
2019
Insurance Expense
$1,437
W/S/G Expenses
$3,774
Total Expenses
$18,792
Net Operating Income
$68,322
Gross Rent Multiplier
17
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
680
Unit 1 Rent
$1,775
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
680
Unit 2 Rent
$1,775
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
680
Unit 3 Rent
$1,795
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
680
Unit 4 Rent
$1,795
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