2016 8th Ave N, Seattle, WA 98109

$1,195,000
2,600
SqFt

Listing courtesy of The Foundation Group LLC.

List Price
$1,195,000
Status
ACTIVE
MLS#
1691394
Days on Market
4
Style
53 - Tri-plex
Building Condition
['Good']
Finished SqFt
2,600
Lot Size (sq ft)
3,490

Property Description

The triplex located at 2016 8th Ave North was originally built in 1911 and has the Seattle charm that every renter desires. The property consists of two large 1 bedroom/1 bath units and a 2 bedroom/1 bath unit. The upper units are equipped with decks that give tenants views of Lake Union. The spacious units rarely see a vacancy and rents could easily be increased to the market rate with light updates. Common laundry room in basement. The property is zoned LR2(M) and can be bought with neighboring two properties at 2020 & 2022 8th Ave N.

Additional Information

List Date
2020-11-19 00:00:00
Community
Westlake
Property Type
MULT
Units
3
Stories
3
Potential Terms
Cash Out
Year Built
1911
View
City, Lake, Territorial
Exterior
Wood
Roof
Composition, Torch Down
School District
Seattle
Total Monthly Income
$5,300
Gross Scheduled Income
$63,600
Gross Adjusted Income
$63,600
Annual Taxes
$8,156
Tax Year
2020
Insurance Expense
$1,217
W/S/G Expenses
$4,202
Total Expenses
$13,575
Net Operating Income
$50,225
Gross Rent Multiplier
19
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
800
Unit 1 Rent
$1,800
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
900
Unit 2 Rent
$1,700
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
900
Unit 3 Rent
$1,800
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