5204 18th Avenue NE, Seattle, WA 98105

$2,090,000
4,200
SqFt

Listing courtesy of Bel-Red Realty Service.

List Price
$2,090,000
Status
ACTIVE
MLS#
2026114
Days on Market
18
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
4,200
Area Total SqFt
4200
Annual Tax Ammount
17481
Lot Size (sq ft)
6,480
Sewer
Sewer Connected

Property Description

A rare opportunity to own a classic University District, 7 unit rental house. Cash Flow is king in this well located, well maintained, rental house, each unit has a full kitchen as well as a full bath (two bathes in the biggest unit). A lot of upgrade was done including kitchen, bath, floor, etc. in the past few years. Property ideally located just blocks from UW campus, few vacancies, current units leased thru August 2023 upside rental potential, just minutes from freeway access, U Villiage and downtown.

Additional Information

List Date
2023-01-19 04:19:09
Community
University District
Net Operating Income
$90,169
Gross Scheduled Income
$135,960
Total Monthly Income
$1,200
Insurance Expenses
$7,672
Water/Sewer/Garbage Expenses
$10,429
Gross Rent Multiplier
15.37
Total Expenses
$45,790
Cap Rate
4.31
Total Number of Units
7
Unit Name
5204
Potential Terms
Cash Out, Conventional
Year Built
1910
View
Territorial
Roof
Composition
Heating/Cooling Type
Forced Air
Electric Expenses
1490
Other Expenses
3000
Energy Source
Electric
School District
Seattle
Elementary School
Laurelhurst
Middle School
Eckstein Mid
High School
Roosevelt High
Total Monthly Income
$1,200
Gross Scheduled Income
$135,960
Tax Year
2022
Insurance Expense
$7,672
W/S/G Expenses
$10,429
Total Expenses
$45,790
Net Operating Income
$90,169
Gross Rent Multiplier
15.37
Cap Rate
4.31
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