4845 Fauntleroy Way SW, Seattle, WA 98116

$1,350,000
3,800
SqFt

Listing courtesy of Industry RE.

List Price
$1,350,000
Status
ACTIVE
MLS#
1977365
Days on Market
90
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
3,800
Area Total SqFt
3800
Lot Size (sq ft)
6,000

Property Description

Opportunity knocks on this fantastic investment opportunity located in the epicenter of West Seattle. Currently utilized as an income generating fourplex with low historical vacancy rate, the zoning of the property provides upside with high density, LR3 zoning, which could allow for up to eight townhomes (buyer to verify) or a larger apartment building. This fourplex features (3) 2bed/1bath units and (1) 3bed/1bath unit, two renovated units, three off-street parking spots along with two car garage, in-unit washer and dryer and all utilities paid by tenants. Located near future proposed light rail stations, just blocks to California Ave with all its great restaurants, night life and shopping and minutes to Alki Beach.

Additional Information

List Date
2022-05-11 23:46:11
Community
Alaska Junction
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1950
View
Territorial
Roof
Composition
Site Features
High Speed Internet, Patio
Heating/Cooling Type
Baseboard, Wall
Energy Source
Electric
School District
Seattle
Elementary School
Fairmount Park
Middle School
Pathfinder K-8
High School
West Seattle High
Total Monthly Income
$5,650
Gross Scheduled Income
$67,800
Vacancy Rate
3
Gross Adjusted Income
$65,766
Tax Year
2022
Insurance Expense
$1,182
Total Expenses
$11,500
Net Operating Income
$54,265
Gross Rent Multiplier
19.91
Cap Rate
4.02
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