1812 N 40th Street, Seattle, WA 98103

$1,599,000

Listing courtesy of Keller Williams Realty Bothell.

List Price
$1,599,000
Status
ACTIVE
MLS#
1808797
Price Change
▼ $1,000 1626492138
Days on Market
14
Style
53 - Tri-plex
Building Condition
Good
Lot Size (sq ft)
2,880

Property Description

Investor Alert! Triplex opportunity in the heart of Wallingford! Never a vacancy & never a missed rent payment! Leases good thru 8/31/22 Each unit consist of 3 bed 1 bath approx. 890sf. Off street parking for 3 vehicles. Completed major upgrades include new water line from the street, all new plumbing, new sewer line, electrical updated and balanced, new storage unit with common W/D, new roof and gutters, new concrete driveway & sidewalk, new patio w/ fire pit, BBQ, new toilets & sinks, garbage disposals, new granite counter tops & new flooring in some areas. Excellent location near the University of Washington, Green Lake, Gas Works, Burke-Gilman Trail. Easy access to I-5, 520, Hwy 99. Walking distance to waterfront, shops & restaurants!

Additional Information

List Date
2021-07-16 00:00:00
Community
Wallingford
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1923
View
Territorial
Roof
Composition
School District
Seattle
Total Monthly Income
$8,800
Gross Scheduled Income
$94,800
Vacancy Rate
2
Gross Adjusted Income
$92,904
Tax Year
2021
Insurance Expense
$971
W/S/G Expenses
$7,200
Total Expenses
$17,401
Net Operating Income
$75,503
Gross Rent Multiplier
6
Cap Rate
4
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