5208 18th Avenue NE, Seattle, WA 98105

$1,600,000
3,888
SqFt

Listing courtesy of Windermere Real Estate Co..

List Price
$1,600,000
Status
PENDING INSPECTION
MLS#
2024174
Days on Market
19
Style
53 - Tri-plex
Building Condition
Very Good
Finished SqFt
3,888
Area Total SqFt
3888
Annual Tax Ammount
10752
Lot Size (sq ft)
4,320
Sewer
Sewer Connected

Property Description

Beautiful Clinker Craftsman is giant UW Duplex + guest quarters. Market rents $10,600/m, 5 yr $rent info avail. *Sweet Seller Terms* 25% Down, 5.50% Interest Only for 10 yrs, large pre pay penalty 1st 5 yrs / zero pre pay pen 2nd 5 yrs, seeking win win 5-10+ year banking relationship. Rare find fine home cash flow, architectural aficionados delight: projecting pergola, dual stairs porch, big bays & box beams, heavy moldings & much more. Apt A 8-BR (Main & 2nd flr) 1st time vacant in 20 yrs so please preview, renovations just completed. Apt B 1140 sqft 2-BR w/ 9 ft ceilings, easy to frame in 12th BR. Studio Apt C added 2005. B & C leased Aug 31st. Ask your broker for info flyer & please visit vacant leaded glass 8-BR, this one really sings!

Additional Information

List Date
2023-01-17 18:45:10
Community
University District
Net Operating Income
$103,440
Gross Adjusted Income
$115,800
Gross Scheduled Income
$115,800
Total Monthly Income
$2,550
Insurance Expenses
$1,608
Gross Rent Multiplier
13.8
Total Expenses
$12,360
Cap Rate
6.5
Total Number of Units
3
Unit Name
5208
Potential Terms
Owner Financing
Year Built
1912
View
Mountain(s), Territorial
Roof
Composition
Site Features
Fenced-Partially, Gas Available, High Speed Internet, RV Parking
Heating/Cooling Type
Forced Air
Energy Source
Natural Gas
School District
Seattle
Total Monthly Income
$2,550
Gross Scheduled Income
$115,800
Gross Adjusted Income
$115,800
Tax Year
2022
Insurance Expense
$1,608
Total Expenses
$12,360
Net Operating Income
$103,440
Gross Rent Multiplier
13.8
Cap Rate
6.5
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks