11011 35th Avenue, Seattle, WA 98125

$1,275,000
3,820
SqFt

Listing courtesy of Realogics Sotheby's Int'l Rlty.

List Price
$1,275,000
Status
ACTIVE
MLS#
2286390
Days on Market
10
Style
53 - Tri-plex
Building Condition
Fair
Finished SqFt
3,820
Area Total SqFt
3820
Annual Tax Ammount
9509
Lot Size (sq ft)
7,404
Sewer
Sewer Connected

Property Description

Amazing opportunity to own an investment Trip Plex in Meadowbrook/Seattle. First time on Market in decades. Each home has its own garage plus surface parking. Individual water and electrical meters make this a potential conversion opportunity. ( Buyers to Verify) Long term established tenancies in place and building inspection available upon request. Walk to Nathan Hale, Meadowbrook community center and enjoy easy access to I-5, Northgate, Lake City and the UW.

Additional Information

List Date
2024-09-05 17:14:09
Community
Meadowbrook
Net Operating Income
$56,768
Gross Adjusted Income
$75,660
Gross Scheduled Income
$75,660
Total Monthly Income
$6,305
Insurance Expenses
$2,500
Water/Sewer/Garbage Expenses
$1,668
Gross Rent Multiplier
16.85
Total Expenses
$18,897
Cap Rate
4.5
Total Number of Units
3
Unit Name
11011
Potential Terms
Cash Out, Conventional
Year Built
1978
View
Territorial
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio, Rooftop Deck
Electric Expenses
420
Other Expenses
4800
Energy Source
Electric
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Nathan Hale High
Total Monthly Income
$6,305
Gross Scheduled Income
$75,660
Gross Adjusted Income
$75,660
Tax Year
2024
Insurance Expense
$2,500
W/S/G Expenses
$1,668
Total Expenses
$18,897
Net Operating Income
$56,768
Gross Rent Multiplier
16.85
Cap Rate
4.5
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