940 N 103rd Street, Seattle, WA 98133
- $1,695,000
- 5,684
- SqFt
Listing courtesy of WPI Real Estate Services, Inc..
- List Price
- $1,695,000
- Status
- ACTIVE
- MLS#
- 2296058
- Days on Market
- 12
- Style
- 55 - 5-9 Units
- Finished SqFt
- 5,684
- Area Total SqFt
- 5684
- Annual Tax Ammount
- 17319
- Lot Size (sq ft)
- 7,688
- Sewer
- Sewer Connected
Property Description
Here is the opportunity to expand your investment portfolio with a well qualified asset that has 7 2br 1 bath units, and one, (1) bedroom 1 bath unit. On site coin op laundry room. 5 units have been "Refreshed" on turn over. Parking in the alley and in front of the building. Two units have fireplaces. The property is a 5.7 Cap at $1,500.00 2br rents and $970 for the One Bedroom with 30% expenses. Paved walkways, exterior lighting, fully fenced in the front and both sides with gate to alley in back with laundry access. All rents need to be raised to market rent on turn over. See attached rent roll. LONG term tenants Spacious 80' wide by 95' long lot for future development.
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Additional Information
- List Date
- 2024-09-27 22:25:09
- Community
- Seattle
- Net Operating Income
- $65,277
- Gross Adjusted Income
- $113,037
- Gross Scheduled Income
- $115,344
- Total Monthly Income
- $9,612
- Insurance Expenses
- $3,844
- Water/Sewer/Garbage Expenses
- $13,853
- Gross Rent Multiplier
- 14.69
- Total Expenses
- $47,760
- Cap Rate
- 3.85
- Vacancy Rate
- 2
- Total Number of Units
- 8
- Unit Name
- 940
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1966
- Roof
- Composition, Flat, Torch Down
- Site Features
- Fenced-Partially
- Electric Expenses
- 844
- Other Expenses
- 11900
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $9,612
- Gross Scheduled Income
- $115,344
- Vacancy Rate
- 2
- Gross Adjusted Income
- $113,037
- Tax Year
- 2024
- Insurance Expense
- $3,844
- W/S/G Expenses
- $13,853
- Total Expenses
- $47,760
- Net Operating Income
- $65,277
- Gross Rent Multiplier
- 14.69
- Cap Rate
- 3.85
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.