5220 20th Avenue NE, Seattle, WA 98105

$1,375,000

Listing courtesy of Paragon Real Estate Advisors.

List Price
$1,375,000
Status
PENDING
MLS#
1838723
Days on Market
7
Style
52 - Duplex
Lot Size (sq ft)
4,050

Property Description

Built in 1914, the building consists of 9 bedrooms, 3 bathrooms and 2 kitchens. The property is approximately 2,990 gross square feet in size. In addition, the property features a private, open, low-maintenance backyard, brand new roof and under current ownership has experienced no vacancies over the past 16 years. There is a laundry area for the tenants’ use in the basement with a free washer and dryer. The building welcomes you with an open porch for comfortable outdoor recreational lounging space for tenants. It is updated with modern vinyl double-pane windows and has 3 parking spaces available. There is a detached shed which could be converted into a garage or used for storage, potentially for additional revenue

Additional Information

List Date
2021-09-13 00:00:00
Community
University District
Potential Terms
Cash Out
Year Built
1914
Roof
Composition
Heating/Cooling Type
Baseboard
Other Expenses
3600
Energy Source
Electric
School District
Seattle
Total Monthly Income
$8,463
Gross Scheduled Income
$101,556
Vacancy Rate
1
Gross Adjusted Income
$100,540
Tax Year
2021
Insurance Expense
$1,568
W/S/G Expenses
$5,680
Total Expenses
$19,979
Net Operating Income
$80,561
Gross Rent Multiplier
13
Cap Rate
5
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