9221 35th Avenue SW Unit #1-4, Seattle, WA 98126

$1,000,000
3,080
SqFt

Listing courtesy of Keller Williams Downtown Sea. Selling Office: Home Realty.

Sold Price
$1,000,000
List Price
$1,199,013
Status
SOLD
MLS#
1900065
Closing Date
Jun 16, 2022
Days on Market
63
Style
54 - 4-Plex
Building Condition
Average
Finished SqFt
3,080
Area Total SqFt
3080
Lot Size (sq ft)
5,986

Property Description

Investors ~ Developers (Zoned LR2-M) Mid Century Brick 4-PLEX - Located in West Seattle’s Fauntleroy Neighborhood. Value Add Investment - Rents Below Market Rates & Tenants are Month to Month. Property has A Nice Yard and Sits Back off the Street, Has 3 2-Bed, 1-Bath Units & 1 Studio. 2 New Furnaces & Water Heaters, Some Newer Appliances. On-Site Coin Operated Laundry in Common Area & 3 Storage Units for additional Income. Has Off-Street Parking for 4 Cars in Rear. Property Located on 35th AVE SW with Rapid Ride Bus Route, Makes an Easy Commute to Seattle. Close to Ferry Terminal, Westwood Village, Shopping, Restaurants, Alki Beach, Lincoln Park & All the Junctions. West Seattle Bridge will Open Soon but Don't Let that Stop You! Pro-Forma.

Additional Information

List Date
2022-04-14 00:00:00
Community
Fauntleroy
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1951
View
Territorial
Roof
Composition
Heating/Cooling Type
Forced Air
Other Expenses
1000
Energy Source
Electric, Oil
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$5,993
Gross Scheduled Income
$84,000
Vacancy Rate
2
Gross Adjusted Income
$79,447
Tax Year
2021
Insurance Expense
$1,800
W/S/G Expenses
$2,000
Total Expenses
$13,630
Net Operating Income
$65,817
Gross Rent Multiplier
15
Cap Rate
5.5
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