2236 Alki Avenue SW, Seattle, WA 98116

$2,625,000
3,750
SqFt

Listing courtesy of John L Scott Westwood.

List Price
$2,625,000
Status
ACTIVE
MLS#
2198303
Days on Market
21
Style
53 - Tri-plex
Building Condition
Fixer
Finished SqFt
3,750
Area Total SqFt
3750
Annual Tax Ammount
17810.52
Lot Size (sq ft)
8,750
Sewer
Sewer Connected
Offer Review Date
2024-02-23

Property Description

BUILDER ALERT: This Alki Avenue Triplex in West Seattle offers excellent potential for future re-development. Boasting panoramic Puget Sound & Olympic Mountain views, excellent proximity to the beach & adjacent walking/biking trails, this location does not disappoint. Situated on a generous 8750 sq./ft. lot (70' x 122'), zoned LR3 (M) with additional property access in the back of the building via Bonair Place. Five coveted off-street parking spaces. This prime location provides convenient egress & connectivity to the Admiral District, West Seattle shopping and freeway access. Alki is a vibrant waterfront community and opportunities like this are rare. Call your builder and unlock the possibilities for this property!

Additional Information

List Date
2024-02-09 21:34:10
Community
Alki
Net Operating Income
$13,741
Gross Adjusted Income
$51,924
Gross Scheduled Income
$51,924
Total Monthly Income
$4,300
Insurance Expenses
$1,985
Water/Sewer/Garbage Expenses
$5,739
Gross Rent Multiplier
50.55
Total Expenses
$38,182
Cap Rate
0.52
Total Number of Units
3
Unit Name
2236
Potential Terms
Cash Out, Conventional
Year Built
1916
View
Mountain(s), See Remarks, Sound
Roof
Composition
Site Features
Fenced-Fully
Electric Expenses
226
Other Expenses
12420
Energy Source
Natural Gas
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$4,300
Gross Scheduled Income
$51,924
Gross Adjusted Income
$51,924
Tax Year
2023
Insurance Expense
$1,985
W/S/G Expenses
$5,739
Total Expenses
$38,182
Net Operating Income
$13,741
Gross Rent Multiplier
50.55
Cap Rate
0.52
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