1104 NE 145th Street, Shoreline, WA 98155

$997,000
3,220
SqFt

Listing courtesy of Specialty Real Estate Group. Selling Office: Kelly Right RE of Seattle LLC.

Sold Price
$997,000
List Price
$1,050,000
Status
SOLD
MLS#
2162185
Closing Date
Oct 31, 2023
Days on Market
19
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
3,220
Area Total SqFt
3220
Annual Tax Ammount
11883
Lot Size (sq ft)
11,746
Sewer
Sewer Connected
Offer Review Date
2023-09-26

Property Description

Legal Shoreline Triplex with townhouse style units on a large .27 acre lot! Zoned MUR-35 in 2033, long term tenants with recently vacated 1 bedroom/ 1 bath unit is perfect for owner occupant looking to house hack and minimize mortgage while investing in real estate. Additional units are 3bed/ 1.5 bath and 2 bed/ 1.5 bath. 3 secure garages with new garage doors and additional off street parking. Each unit has own washer and dryer, and are separately metered for electricity. Close to great Shoreline schools, I5, .5 mile from future light rail open 2024, and much more amenities. Rents have plenty of room for increase with light updates. Listing to be removed Tuesday, 9/26 if no offers on updated offer review date.

Additional Information

List Date
2023-10-12 00:00:00
Community
Shoreline
Net Operating Income
$38,529
Gross Adjusted Income
$58,682
Gross Scheduled Income
$59,880
Total Monthly Income
$4,990
Insurance Expenses
$2,870
Water/Sewer/Garbage Expenses
$5,400
Gross Rent Multiplier
18.2
Total Expenses
$20,373
Cap Rate
3.5300000000000002
Vacancy Rate
2
Total Number of Units
3
Unit Name
1104
Potential Terms
Cash Out, Conventional
Year Built
1977
Roof
Composition
Other Expenses
220
Energy Source
Electric
School District
Shoreline
Total Monthly Income
$4,990
Gross Scheduled Income
$59,880
Vacancy Rate
2
Gross Adjusted Income
$58,682
Tax Year
2023
Insurance Expense
$2,870
W/S/G Expenses
$5,400
Total Expenses
$20,373
Net Operating Income
$38,529
Gross Rent Multiplier
18.2
Cap Rate
3.5300000000000002
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