7080 Lincoln Park Wy SW, Seattle, WA 98136

$1,200,000
3,360
SqFt

Listing courtesy of John L. Scott, Inc..

List Price
$1,200,000
Status
PENDING
MLS#
1747441
Days on Market
4
Style
53 - Tri-plex
Building Condition
['Remodeled']
Finished SqFt
3,360
Lot Size (sq ft)
5,056

Property Description

Three updated townhouse units with views of the Sound. Great long term/short term rental. And perfect for owner occupancy! Comfortable floorplans. Spacious decks. Fireplaces in two units. Private garage for each unit. Good street parking. New siding. Roof recently cleaned and reconditioned. Close to Lincoln Park, Loman Beach, tennis courts, ferry, historic Coleman Pool, the "Junction" and W. Seattle Golf Course. Opening of West Seattle Bridge provides opportunity to increase rents. One unit needs rehabilitation to maximize potential and Seller will complete or provide remodeling credit. Tenant has received notice to vacate. Owner occupied FHA financing available to qualified Buyer.

Additional Information

List Date
2021-04-06 00:00:00
Community
Lincoln Park
Property Type
MULT
Units
3
Stories
2
Potential Terms
Cash Out, Conventional, FHA
Year Built
1981
Total Parking
4
Uncovered Parking
1
View
['Sound']
Exterior
Cement Planked
Roof
Composition
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Elementary School
Gatewood
Middle School
Madison Mid
High School
West Seattle High
Total Monthly Income
$6,200
Gross Scheduled Income
$74,400
Vacancy Rate
2
Gross Adjusted Income
$72,912
Annual Taxes
$11,286
Tax Year
2019
Insurance Expense
$2,148
W/S/G Expenses
$4,351
Total Expenses
$22,071
Net Operating Income
$50,841
Gross Rent Multiplier
16
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.50
Unit 1 Size
1120
Unit 1 Rent
$2,200
Unit 2 Beds
2
Unit 2 Baths
1.50
Unit 2 Size
1120
Unit 2 Rent
$2,000
Unit 3 Beds
2
Unit 3 Baths
1.50
Unit 3 Size
1120
Unit 3 Rent
$2,000
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