4200 Letitia Ave S, Seattle, WA 98118

$1,500,000
4,500
SqFt

Listing courtesy of Berkshire Hathaway HS NW.

List Price
$1,500,000
Status
ACTIVE
MLS#
1751845
Days on Market
17
Style
55 - 5-9 Units
Building Condition
['Fair']
Finished SqFt
4,500
Lot Size (sq ft)
3,000

Property Description

Apartment in Columbia City only 100 feet off of Rainier Ave on Adams Street. 7 units for tenants and 1 unit for manager with a total of 8 utility meters. Property is zoned LR3 allowing for a multi-level apartment building with a new construction plan. No sign on property. Please do not disturb tenants.

Additional Information

List Date
2021-04-05 00:00:00
Community
Columbia City
Property Type
MULT
Units
8
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1916
Total Parking
16
Uncovered Parking
16
Exterior
Stucco
Roof
Composition
Lot Details
Corner Lot, Paved Street
School District
Seattle
Total Monthly Income
$9,650
Gross Scheduled Income
$9,650
Gross Adjusted Income
$9,650
Annual Taxes
$4,396
Tax Year
2020
Insurance Expense
$5,600
W/S/G Expenses
$1,350
Total Expenses
$2,182
Net Operating Income
$7,468
Gross Rent Multiplier
155
Cap Rate
5

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
370
Unit 1 Rent
$1,000
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
370
Unit 2 Rent
$900
Unit 3 Beds
4
Unit 3 Baths
1.00
Unit 3 Size
716
Unit 3 Rent
$2,100
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
535
Unit 4 Rent
$1,100
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
716
Unit 5 Rent
$1,150
Unit 6 Beds
3
Unit 6 Baths
1.00
Unit 6 Size
716
Unit 6 Rent
$1,350
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