176 25th Ave, Seattle, WA 98122

$1,175,000
3,120
SqFt

Listing courtesy of Sound Realty Group Inc.

List Price
$1,175,000
Status
ACTIVE
MLS#
1729356
Days on Market
9
Style
52 - Duplex
Building Condition
['Good']
Finished SqFt
3,120
Lot Size (sq ft)
4,500

Property Description

Beautifully renovated 3,120 SqFt Central District home. Currently setup as a duplex; upper unit is 4bed/3bath and currently occupied and renting for $4300/ month. The lower unit is permitted with 3bed/2bath, recently updated with new egress windows, paint, and cosmetic finishes; left vacant for viewing (market rent is around $3250). Studs-out remodel throughout with new kitchens, plumbing, heating, electrical, flooring, etc. Roof and windows less than 4 years old. Offered at a 6.25% Cap Rate Investment: low maintenance and HIGH CASH FLOW. Backyard is fully fenced. Walking distance to schools, parks, shopping and more.

Additional Information

List Date
2021-02-19 00:00:00
Community
Central Area
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1907
Total Parking
2
Uncovered Parking
2
Exterior
Metal/Vinyl
Roof
Composition
Site Features
Deck, Dog Run, Fenced-Fully, Patio
Lot Details
Paved Street, Sidewalk
School District
Seattle
Total Monthly Income
$7,550
Gross Scheduled Income
$90,600
Vacancy Rate
2
Gross Adjusted Income
$88,788
Annual Taxes
$6,947
Tax Year
2020
Insurance Expense
$800
W/S/G Expenses
$4,100
Total Expenses
$15,553
Net Operating Income
$73,235
Gross Rent Multiplier
12
Cap Rate
6

Room Dimensions

Unit 1 Beds
4
Unit 1 Baths
3.00
Unit 1 Size
2174
Unit 1 Rent
$4,500
Unit 2 Beds
3
Unit 2 Baths
2.00
Unit 2 Size
1000
Unit 2 Rent
$3,250
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