2022 8th Ave N, Seattle, WA 98109

$795,000
1,500
SqFt

Listing courtesy of The Foundation Group LLC.

List Price
$795,000
Status
ACTIVE
MLS#
1691448
Days on Market
4
Style
52 - Duplex
Finished SqFt
1,500
Lot Size (sq ft)
3,115

Property Description

The 2022 8th Ave N duplex was built in 1905 and has old-Seattle bungalow appeal. The property consists of two large 1 bedroom/1 bath units with large decks facing Lake Union and unique built in shelving and storage. The units are currently vacant which gives a new owner the opportunity to renovate the units to accentuate their unique layout. Amenities include a shared washer/dryer with independent access and one parking space.

Additional Information

List Date
2020-11-19 00:00:00
Community
Westlake
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional, FHA
Year Built
1905
Total Parking
1
Uncovered Parking
1
View
City, Lake, Territorial
Exterior
Wood, Wood Products
Roof
Composition
School District
Seattle
Total Monthly Income
$3,895
Gross Scheduled Income
$43,140
Gross Adjusted Income
$46,740
Annual Taxes
$6,826
Tax Year
2020
Insurance Expense
$889
W/S/G Expenses
$3,734
Total Expenses
$11,449
Net Operating Income
$35,291
Gross Rent Multiplier
17
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
800
Unit 1 Rent
$2,000
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
700
Unit 2 Rent
$1,595
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