1463 22nd Ave, Seattle, WA 98122

$950,000
3,050
SqFt

Listing courtesy of Windermere Real Estate Co..

List Price
$950,000
Status
ACTIVE
MLS#
1677837
Days on Market
11
Style
52 - Duplex
Building Condition
['Restored']
Finished SqFt
3,050
Lot Size (sq ft)
2,030

Property Description

Covetable opportunity in vibrant urban village. Gracious Victorian duplex with stylish makeover, nestled in sophisticated community of modern homes, with easy access to transportation and amenities. Light-filled homes boast quartz and stainless kitchens, separate laundry rooms, elevated decks, flexible layout for work from home. Move into one apartment and draw rent from the other, lease both, or take advantage of the appreciating locale by rebuilding/developing. Multiple lucrative scenarios!

Additional Information

List Date
2020-10-16 00:00:00
Community
Central Area
Property Type
MULT
Units
2
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1902
View
Territorial
Exterior
Brick, Metal/Vinyl
Roof
Composition
Site Features
Cable TV, Fenced-Partially, Gas Available
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Elementary School
Madrona Elementary
Middle School
Meany Mid
High School
Garfield High
Total Monthly Income
$5,000
Gross Scheduled Income
$60,000
Vacancy Rate
5
Gross Adjusted Income
$57,000
Annual Taxes
$10,621
Tax Year
2020
Insurance Expense
$3,000
Total Expenses
$13,631
Net Operating Income
$43,369
Gross Rent Multiplier
16
Cap Rate
5

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
1020
Unit 1 Rent
$2,500
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
1020
Unit 2 Rent
$2,500
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