6200 Rainier Ave S, Seattle, WA 98118

$975,000
3,190
SqFt

Listing courtesy of Prime Realty.

List Price
$975,000
Status
ACTIVE
MLS#
1527268
Days on Market
12
Style
52 - Duplex
Building Condition
['Fixer']
Finished SqFt
3,190
Lot Size (sq ft)
8,324

Property Description

This Brick Tudor multifamily building oozes 1920s charm. Standing stately on a PRIME 8,324sf LR3 lot, blocks to Columbia City & Hillman City strips, Seward Park & Link light rail, this fixer w/ solid bones, straight lines & loads of potential has 6 bds & 4 bas. Zoning allows for easy conversion to triplex or quad. Three additional 1,400+sf DUs have been permitted behind the existing structure & are ready to break ground. Plans attached. If she must go, 8-10 DUs fit here nicely. Parking flexible.

Additional Information

List Date
2019-10-03 00:00:00
Community
Columbia City
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional, FHA, Rehab Loan
Year Built
1927
Total Parking
3
Uncovered Parking
3
View
City
Exterior
Brick, Metal/Vinyl, Wood
Roof
Composition
Site Features
Fenced-Fully, Outbuildings, Patio
Lot Details
Curbs, Paved Street, Sidewalk, Value In Land
School District
Seattle
Elementary School
Graham Hill
Middle School
Aki Kurose
High School
Rainier Beach High
Total Monthly Income
$4,800
Gross Scheduled Income
$57,600
Vacancy Rate
5
Gross Adjusted Income
$54,720
Annual Taxes
$5,680
Tax Year
2019
Insurance Expense
$2,000
W/S/G Expenses
$2,400
Total Expenses
$13,680
Net Operating Income
$41,040
Gross Rent Multiplier
15
Cap Rate
4

Room Dimensions

Unit 1 Beds
4
Unit 1 Baths
3.00
Unit 1 Size
2160
Unit 1 Rent
$3,200
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
1000
Unit 2 Rent
$1,600
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