17515 5th Ave NE, Shoreline, WA 98155

$925,000
2,520
SqFt

Listing courtesy of Real Property Associates.

List Price
$925,000
Status
ACTIVE
MLS#
1730879
Days on Market
9
Style
53 - Tri-plex
Building Condition
['Remodeled']
Finished SqFt
2,520
Lot Size (sq ft)
7,650

Property Description

Desirable triplex located in a secure cul-de-sac just blocks from the upcoming 185th St light rail station, shopping, dining, North City, and Shoreline Library, with easy access to I-5. Renovated, fully rented and an attractive Cap Rate! Well-maintained with updated kitchens, baths, flooring, appliances, lighting and finishes. Side by Side main floor units have 2 bedrooms/1 bath, and the lower-level unit is 1 bedroom/1bath set amongst several fir and pine trees on a mature landscaped partially fenced lot with sprinkler system. All electric is separately metered. City is improving 5th NE as part of Transit project with sidewalks on both sides of street in 2022.

Additional Information

List Date
2021-02-19 00:00:00
Community
Shoreline
Property Type
MULT
Units
3
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1965
Total Parking
4
Uncovered Parking
2
Exterior
Brick, Wood Products
Roof
Composition
Site Features
Cable TV, Fenced-Partially, Sprinkler System
Lot Details
Cul-de-sac, Paved Street
School District
Shoreline
Elementary School
Ridgecrest Elem
Middle School
Kellogg Mid
High School
Shorecrest High
Total Monthly Income
$5,010
Gross Scheduled Income
$60,120
Gross Adjusted Income
$60,120
Annual Taxes
$7,768
Tax Year
2020
Insurance Expense
$1,068
W/S/G Expenses
$4,110
Total Expenses
$12,946
Net Operating Income
$47,174
Gross Rent Multiplier
15
Cap Rate
5

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
1272
Unit 1 Rent
$1,795
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
1920
Unit 2 Rent
$1,695
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
648
Unit 3 Rent
$1,270
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