4411 Corliss Avenue N, Seattle, WA 98103
- $1,990,000
- 4,190
- SqFt
Listing courtesy of RE/MAX Northwest.
- List Price
- $1,990,000
- Status
- ACTIVE
- MLS#
- 2295711
- Days on Market
- 12
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Finished SqFt
- 4,190
- Area Total SqFt
- 4190
- Annual Tax Ammount
- 18361
- Lot Size (sq ft)
- 5,700
- Sewer
- Sewer Connected
Property Description
A fantastic opportunity to acquire this well-maintained, Mid Century 8-unit apartment bldg in the heart of Wallingford. With below-market rents, this property offers significant upside potential for investors looking to add value. Building offers updated, easy-to-rent 1 bedroom units~100% occupied! Each unit has a private entrance along the south-side veranda, overlooking mature landscaping for added privacy. Additional features: newer double pane windows, hardwd floors, updated baths, onsite laundry, parking, 4.8% cap rate, and LR2-M zoning for future development. Thoughtfully self-managed w/careful attention to maintenance & tenant satisfaction. Plus, a 94 Walk Score:schools, cafes, parks & of course UW. Solid asset with growth potential!
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Additional Information
- List Date
- 2024-09-27 18:17:09
- Community
- Wallingford
- Net Operating Income
- $95,739
- Gross Adjusted Income
- $130,157
- Gross Scheduled Income
- $133,800
- Total Monthly Income
- $11,150
- Insurance Expenses
- $4,800
- Water/Sewer/Garbage Expenses
- $8,550
- Gross Rent Multiplier
- 14.87
- Total Expenses
- $34,418
- Cap Rate
- 4.8
- Total Number of Units
- 8
- Unit Name
- 4411
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1958
- View
- Territorial
- Roof
- Flat
- Site Features
- Deck
- Electric Expenses
- 500
- Other Expenses
- 2207
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $11,150
- Gross Scheduled Income
- $133,800
- Gross Adjusted Income
- $130,157
- Tax Year
- 2024
- Insurance Expense
- $4,800
- W/S/G Expenses
- $8,550
- Total Expenses
- $34,418
- Net Operating Income
- $95,739
- Gross Rent Multiplier
- 14.87
- Cap Rate
- 4.8
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.