4023 1st Avenue NE, Seattle, WA 98105

$1,050,000
1,400
SqFt

Listing courtesy of KW Greater Seattle. Selling Office: Flyhomes.

Sold Price
$1,050,000
List Price
$940,000
Status
SOLD
MLS#
2198430
Closing Date
Feb 29, 2024
Days on Market
5
Style
52 - Duplex
Finished SqFt
1,400
Area Total SqFt
1400
Annual Tax Ammount
7519
Lot Size (sq ft)
4,000
Sewer
Sewer Connected
Offer Review Date
2024-02-13

Property Description

Just 2 blocks from Lake Union, this well-maintained legal duplex sits up high off of the street. View porch, open living/dining area. Gleaming newly refinished hardwoods & freshly painted interior. Deck of kitchen to wooded garden setting, ideal for BBQs, pets & play. 2 BR + BA on main. Legal unit studio apt w/separate entrance, & shared laundry. Offers great opportunity as rental or sfr w/income studio. Many updates, John Stanford Int geo zone. Walk/bike to Lk Union, BGT, restaurants, amenities. Minutes to UW and downtown.

Additional Information

List Date
2024-02-24 00:00:00
Community
Wallingford
Net Operating Income
$37,871
Gross Adjusted Income
$46,560
Gross Scheduled Income
$48,000
Insurance Expenses
$1,170
Gross Rent Multiplier
19.58
Total Expenses
$8,689
Cap Rate
4
Vacancy Rate
3
Total Number of Units
2
Unit Name
4023
Potential Terms
Cash Out, Conventional
Year Built
1906
View
Territorial
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet
Energy Source
Electric, Natural Gas
School District
Seattle
Elementary School
Green Lake
Middle School
Hamilton Mid
High School
Lincoln High
Gross Scheduled Income
$48,000
Vacancy Rate
3
Gross Adjusted Income
$46,560
Tax Year
2023
Insurance Expense
$1,170
Total Expenses
$8,689
Net Operating Income
$37,871
Gross Rent Multiplier
19.58
Cap Rate
4
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