8340 Wabash Avenue S, Seattle, WA 98118

$530,000
3,620
SqFt

Listing courtesy of Brierwood Realty. Selling Office: John L. Scott, Inc..

Sold Price
$530,000
List Price
$560,000
Status
SOLD
MLS#
1132633
Closing Date
Nov 21, 2017
Days on Market
146
Style
52 - Duplex
Building Condition
Good
Finished SqFt
3,620
Area Total SqFt
3620
Annual Tax Ammount
4697
Lot Size (sq ft)
4,020
Sewer
Sewer Connected

Property Description

3620sf rentable square footage in South Seattle! Legal duplex with 4 entry doors 2 in front, 2 in back. Could be non conforming 4-plex EASY! Great to live in or invest in this up and coming community. Minutes from bus and parks. Fireplaces and W/D hookups. Cash flow immediately! LR2 zoning increases the possibilities. Below market rents currently. High upside potential with a small capital investment. M2M tenants willing to sign a long term lease/increase rent.

Additional Information

List Date
2017-06-28 00:00:00
Community
Seattle
Net Operating Income
$39,053
Gross Adjusted Income
$39,053
Gross Scheduled Income
$44,400
Insurance Expenses
$650
Gross Rent Multiplier
15
Cap Rate
6.5
Vacancy Rate
50
Total Number of Units
2
Unit Name
8340
Potential Terms
Cash Out, Conventional, FHA
Year Built
1956
Roof
Composition
Site Features
Cable TV, Fenced-Partially
School District
Seattle
Gross Scheduled Income
$44,400
Vacancy Rate
50
Gross Adjusted Income
$39,053
Tax Year
2017
Insurance Expense
$650
Net Operating Income
$39,053
Gross Rent Multiplier
15
Cap Rate
6.5
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