2934 - 2938 2nd Avenue N, Seattle, WA 98109

$1,375,000
2,340
SqFt

Listing courtesy of Kidder Mathews.

List Price
$1,375,000
Status
ACTIVE
MLS#
2262941
Days on Market
15
Style
53 - Tri-plex
Finished SqFt
2,340
Area Total SqFt
2340
Annual Tax Ammount
8972
Lot Size (sq ft)
4,800
Sewer
Sewer Connected

Property Description

Tastefully remodeled & renovated triplex in desirable north Queen Anne, walking distance to vibrant Fremont & an easy commute to SLU & Downtown. The property is comprised of 2 ±650 SF 1-bed units & a 1,000+ SF 2-bed/1-bath unit. The front of the property has a fenced yard, & the property is nicely landscaped. Unit 2934 has an outdoor patio with privacy hedge & has been totally remodeled with stainless refrigerator, new stainless drop-in stove, stainless dishwasher, garbage disposal, stainless oversized sink, recess lights, new tile bathroom with new fixtures, sink, toilet, new floors, etc. Unit 2936 has ±200 SF of storage. All units have been remodeled over time, boast stainless or newer appliances, & are well-appointed & desirable homes.

Additional Information

List Date
2024-07-09 16:50:08
Community
Queen Anne
Net Operating Income
$64,708
Gross Adjusted Income
$74,880
Gross Scheduled Income
$78,000
Total Monthly Income
$6,500
Insurance Expenses
$1,200
Gross Rent Multiplier
17.6
Total Expenses
$10,172
Cap Rate
4.7
Vacancy Rate
4
Total Number of Units
3
Unit Name
2934 - 2938
Potential Terms
Cash Out, Conventional
Year Built
1948
Roof
Composition
Site Features
Fenced-Partially
Energy Source
Electric, Natural Gas
School District
Seattle
Elementary School
John Hay Elementary
Middle School
Mc Clure Mid
High School
Lincoln High
Total Monthly Income
$6,500
Gross Scheduled Income
$78,000
Vacancy Rate
4
Gross Adjusted Income
$74,880
Tax Year
2024
Insurance Expense
$1,200
Total Expenses
$10,172
Net Operating Income
$64,708
Gross Rent Multiplier
17.6
Cap Rate
4.7
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