9056 3rd Ave NW, Seattle, WA 98117

$999,950
1,990
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$999,950
Status
ACTIVE
MLS#
1742644
Days on Market
38
Style
54 - 4-Plex
Finished SqFt
1,990
Lot Size (sq ft)
2,980

Property Description

Well located Greenwood Fourplex situated on a corner lot. Current 4.48% Cap Rate/Market 6.04%. 4 - 1bd/1bth units ranging from 430-520 Sq.Ft. Updated finishes include new cabinets, countertops, appliances, vinyl flooring and backsplash. New covered secure garage rebuilt in 2013 with additional income. Immediate rental upside. Storage and common laundry in basement. Basement has five large storage spaces with additional upside potential. Utilities billed directly to tenants. Only four blocks from Greenwood Ave Retail corridor. Clean landscaping with low maintenance design. Long term tenants. Perfect for investor or owner occupant. Easy access to Seattle CBD, South Lake Union, Ballard, Fremont, SPU & UW.

Additional Information

List Date
2021-03-15 00:00:00
Community
Greenwood
Property Type
MULT
Units
4
Stories
3
Potential Terms
Conventional
Year Built
1916
Total Parking
1
Exterior
Wood
Roof
Composition
School District
Seattle
Total Monthly Income
$5,042
Gross Scheduled Income
$60,501
Vacancy Rate
3
Gross Adjusted Income
$58,686
Annual Taxes
$7,341
Tax Year
2021
Insurance Expense
$967
W/S/G Expenses
$4,041
Total Expenses
$13,928
Net Operating Income
$44,758
Gross Rent Multiplier
16
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
520
Unit 1 Rent
$1,295
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
520
Unit 2 Rent
$900
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
520
Unit 3 Rent
$890
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
430
Unit 4 Rent
$1,195
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Calculator source: Real Geeks