10027 & 10025 51st Ave SW, Seattle, WA 98146

$1,998,000
3,890
SqFt

Listing courtesy of Venture Real Estate Group LLC.

List Price
$1,998,000
Status
ACTIVE
MLS#
1600518
Days on Market
15
Style
53 - Tri-plex
Building Condition
['Good']
Finished SqFt
3,890
Lot Size (sq ft)
34,250

Property Description

Rare OPPORTUNITY to own 75' of waterfront on West Seattle, owned over 33 years. Triplex & home. Investment Opportunity, Potential to Short Plat or ULS. Live & work, Income Producing Property w/breathtaking views of Puget Sound & Olympic Mountains. Stunning sunsets from home & triplex. Two expansive private decks, great for outdoor living & entertaining. Enjoy ferry boats pass by the sound! Hardwood floors, wood fireplaces, kitchen w/eating area. Carport & open parking. Close to Fauntleroy ferry.

Additional Information

List Date
2020-05-21 00:00:00
Community
West Seattle
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1927
Total Parking
6
Uncovered Parking
4
Waterfront
Yes
View
Mountain, Sound
Exterior
Wood
Roof
Composition, Flat
Site Features
Cable TV, Deck, Gas Available, High Speed Internet, Patio
Lot Details
Dead End Street, Paved Street, Secluded, Value In Land
School District
Seattle
Elementary School
Arbor Heights
Middle School
Denny Mid
High School
Sealth High
Total Monthly Income
$8,025
Gross Scheduled Income
$110,580
Vacancy Rate
3
Gross Adjusted Income
$107,262
Annual Taxes
$16,631
Tax Year
2020
Insurance Expense
$1,050
W/S/G Expenses
$900
Total Expenses
$20,981
Net Operating Income
$86,281
Gross Rent Multiplier
18
Cap Rate
4

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
1.00
Unit 1 Size
1100
Unit 1 Rent
$2,495
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
550
Unit 2 Rent
$1,490
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
550
Unit 3 Rent
$1,490
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
1300
Unit 4 Rent
$2,495
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