1835 1837 S 116th Street Unit #1 -2, Seattle, WA 98168

$395,000

Listing courtesy of Keller Williams Downtown Sea. Selling Office: Berkshire Hathaway HS NW.

Sold Price
$395,000
List Price
$398,700
Status
SOLD
MLS#
1427898
Closing Date
Mar 29, 2019
Days on Market
3
Style
52 - Duplex
Building Condition
Average
Area Total SqFt
1610
Lot Size (sq ft)
9,440

Property Description

~Investor Alert~ Seattle Duplex on Large Lot with 7.1% Cap Rate at Market Rents. Located on A Dead End across from the Rainier Golf Course. Units 805 sq ft both 2 Bedroom, 1 Bathroom with Laundry Room, Carport & Lots of Parking. Low Vacancy Rate. New Exterior Paint & Some New Appliances & Updates of Interior Over the Past Few Years & have Washer & Dryer Hookups. Occupied Unit is a Long Term Tenant & Month to Month. Building Foundation will allow a Second Story to Expand. ~ESTATE SALE SOLD AS-IS~

Additional Information

List Date
2019-03-22 00:00:00
Community
Boulevard Park
Potential Terms
Cash Out, Conventional
Year Built
1958
Roof
Torch Down
School District
Highline
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$2,800
Gross Scheduled Income
$36,000
Vacancy Rate
2
Gross Adjusted Income
$29,950
Tax Year
2018
Insurance Expense
$950
W/S/G Expenses
$1,800
Total Expenses
$6,050
Net Operating Income
$27,550
Gross Rent Multiplier
12
Cap Rate
7
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