19623 15th Ave NE, Shoreline, WA 98155

$1,065,000
3,450
SqFt

Listing courtesy of Westlake Associates, Inc..

List Price
$1,065,000
Status
PENDING
MLS#
1527437
Price Change
▼ $335,000 1575525518
Days on Market
112
Style
55 - 5-9 Units
Finished SqFt
3,450
Lot Size (sq ft)
7,500

Property Description

The Emily Rose Apartment is a legal 4-unit in the highly desirable city of Shoreline. There is 1 non-conforming unit with an approximate 250 square feet that could potentially be combined with the 1 bedroom and bath unit above it, or used as office space. The unit mix consists of 2 (2x1), 1 (2x2), and 1 (1x1) units. The features of the building include: Updated windows, copper plumbing, and storage. Immediate rental upside.

Additional Information

List Date
2019-10-03 00:00:00
Community
North City
Property Type
MULT
Units
5
Stories
2
Potential Terms
Cash Out
Year Built
1973
Total Parking
7
Uncovered Parking
1
Exterior
Cement/Concrete, See Remarks
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Fully, Fenced-Partially
School District
Shoreline
Total Monthly Income
$4,535
Gross Scheduled Income
$54,420
Vacancy Rate
3
Gross Adjusted Income
$52,727
Annual Taxes
$11,231
Tax Year
2019
Insurance Expense
$3,204
W/S/G Expenses
$5,021
Total Expenses
$21,549
Net Operating Income
$31,178
Gross Rent Multiplier
22
Cap Rate
2

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
750
Unit 1 Rent
$975
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
900
Unit 2 Rent
$900
Unit 3 Beds
2
Unit 3 Baths
2.00
Unit 3 Size
1080
Unit 3 Rent
$1,100
Unit 4 Beds
2
Unit 4 Baths
1.50
Unit 4 Size
900
Unit 4 Rent
$1,375
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