4247 7th Avenue NE, Seattle, WA 98105
- $2,250,000
- 2,796
- SqFt
Listing courtesy of Prolink Realty, LLC.
- List Price
- $2,250,000
- Status
- ACTIVE
- MLS#
- 2281436
- Days on Market
- 10
- Style
- 52 - Duplex
- Building Condition
- Fair
- Finished SqFt
- 2,796
- Area Total SqFt
- 2796
- Annual Tax Ammount
- 19262
- Lot Size (sq ft)
- 6,600
- Sewer
- Sewer Connected
Property Description
Prime Investment Opportunity in Seattle’s U-District! This fully leased duplex on a spacious 6,600 SF lot offers steady rental income and strong development potential. Survey and geotechnical reports is ready for your next project. Zoned MR (M1) for mid-rise multifamily development, the property features an 80-foot height limit, 4.5 FAR, and no parking requirements. Located within walking distance to the UW campus, Light Rail, and quick access to I-5. Don’t miss this rare chance to invest in one of Seattle’s most desirable neighborhoods! The University of Washington, ranked No. 7 globally and No. 2 among U.S. public universities (U.S. News & World Report), this property is perfect for both ongoing rental use or future development.
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Additional Information
- List Date
- 2024-09-05 02:39:08
- Community
- University District
- Net Operating Income
- $59,200
- Gross Adjusted Income
- $88,964
- Gross Scheduled Income
- $90,780
- Total Monthly Income
- $7,565
- Insurance Expenses
- $1,922
- Water/Sewer/Garbage Expenses
- $5,144
- Gross Rent Multiplier
- 24.79
- Total Expenses
- $29,764
- Cap Rate
- 2.63
- Vacancy Rate
- 2
- Total Number of Units
- 2
- Unit Name
- 4247
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1919
- View
- City, Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Gas Available, Outbuildings
- Electric Expenses
- 1829
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Elementary School
- Green Lake
- Middle School
- Hamilton Mid
- High School
- Lincoln High
- Total Monthly Income
- $7,565
- Gross Scheduled Income
- $90,780
- Vacancy Rate
- 2
- Gross Adjusted Income
- $88,964
- Tax Year
- 2024
- Insurance Expense
- $1,922
- W/S/G Expenses
- $5,144
- Total Expenses
- $29,764
- Net Operating Income
- $59,200
- Gross Rent Multiplier
- 24.79
- Cap Rate
- 2.63
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