1611 E Spring Street, Seattle, WA 98122

$1,525,000

Listing courtesy of Windermere West Metro.

List Price
$1,525,000
Status
ACTIVE
MLS#
1838092
Days on Market
7
Style
53 - Tri-plex
Building Condition
Good
Area Total SqFt
2937
Lot Size (sq ft)
2,400

Property Description

Turn-key well located & maintained Capitol Hill triplex. Left front door leads to spacious light-filled top 2 floor unit w/ open concept living. Balcony, gas fireplace, cherry floors (1316 ft, 3/1¾ market rent $4000). Take the front right door to an Airbnb unit (787 ft. 2/¾ market rent=$2500/month or up to $350/night) w/ updated bath & efficiency kitchen. Natural light streams into large living room. Entrance to the basement apartment (800 1/¾ -market rent=$1600) w/ long-term tenant is on the west side of the building. Keep the back storage shed or remove to add extra parking. Low maintenance yard provides set back from street. Close to shopping, Seattle U, Capitol Hill, shops, cafés, parks & more. All units have W/D, gas/electric meters.

Additional Information

List Date
2021-09-14 00:00:00
Community
Capitol Hill
Potential Terms
Cash Out, Conventional
Year Built
1901
View
Territorial
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet
Heating/Cooling Type
Baseboard, Radiant
Other Expenses
1800
Energy Source
Electric, Natural Gas
School District
Seattle
Elementary School
Madrona Elementary
Middle School
Meany Mid
High School
Garfield High
Total Monthly Income
$8,100
Gross Scheduled Income
$97,200
Vacancy Rate
3
Gross Adjusted Income
$94,284
Tax Year
2021
Insurance Expense
$1,172
W/S/G Expenses
$4,257
Total Expenses
$14,457
Net Operating Income
$79,827
Gross Rent Multiplier
16
Cap Rate
5
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