7151 Fauntleroy Way SW, Seattle, WA 98136

$1,350,000
3,130
SqFt

Listing courtesy of Pellego, Inc..

List Price
$1,350,000
Status
ACTIVE
MLS#
1876779
Days on Market
8
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
3,130
Area Total SqFt
3130
Lot Size (sq ft)
5,680

Property Description

Fabulous location for this fully remodeled triplex that is within a stone throw of Lincoln Park. Updates include all new electric, plumbing, hot water tanks, lighting, flooring, appliances, kitchens, and baths makes this investment ready for top market rates. There are two parking spots for each unit on the property. Shared laundry space with additional income potential. Turn Key for any investor or great owner occupied property with additional income. Short distance to Lowman Beach, the convenience of shops & restaurants of Morgan Street Junction, plus steps to the Rapid Ride-C Line & Fauntleroy Ferry.

Additional Information

List Date
2022-01-18 03:36:09
Community
Lincoln Park
Potential Terms
Cash Out, Conventional
Year Built
1955
Roof
Composition
Heating/Cooling Type
Wall
Electric Expenses
2400
Energy Source
Electric
School District
Seattle
Elementary School
Gatewood
Middle School
Madison Mid
High School
West Seattle High
Total Monthly Income
$7,840
Gross Scheduled Income
$101,280
Vacancy Rate
3
Gross Adjusted Income
$91,466
Tax Year
2021
Insurance Expense
$1,500
W/S/G Expenses
$3,600
Total Expenses
$17,314
Net Operating Income
$83,966
Gross Rent Multiplier
13
Cap Rate
6.2
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