2845 21st Avenue W, Seattle, WA 98199
- $1,195,000
- 2,400
- SqFt
Listing courtesy of Paragon Real Estate Advisors.
- List Price
- $1,195,000
- Status
- ACTIVE
- MLS#
- 2286848
- Days on Market
- 9
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,400
- Area Total SqFt
- 2400
- Annual Tax Ammount
- 3679
- Lot Size (sq ft)
- 5,400
- Sewer
- Sewer Connected
Property Description
This triplex features two 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. One of the 2-bedroom units is currently occupied by the owner, who is flexible and willing to vacate upon closing or agree to a short leaseback if needed. The other 2-bedroom unit was recently vacated, and the 1-bedroom unit has a long-term tenant. Multiple investment strategies: renovate vacant units, lease at market rates in current condition, build ADA/DADU on back of the lot (Buyer to verify).
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Additional Information
- List Date
- 2024-09-05 23:02:09
- Community
- Magnolia
- Net Operating Income
- $51,803
- Gross Adjusted Income
- $66,918
- Gross Scheduled Income
- $70,440
- Total Monthly Income
- $5,870
- Insurance Expenses
- $4,536
- Water/Sewer/Garbage Expenses
- $3,900
- Gross Rent Multiplier
- 16.96
- Total Expenses
- $15,115
- Cap Rate
- 4.33
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 2845
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1959
- Roof
- Composition
- Other Expenses
- 3000
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $5,870
- Gross Scheduled Income
- $70,440
- Vacancy Rate
- 5
- Gross Adjusted Income
- $66,918
- Tax Year
- 2024
- Insurance Expense
- $4,536
- W/S/G Expenses
- $3,900
- Total Expenses
- $15,115
- Net Operating Income
- $51,803
- Gross Rent Multiplier
- 16.96
- Cap Rate
- 4.33
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