304 25th Avenue S, Seattle, WA 98144

$856,000
2,220
SqFt

Listing courtesy of Windermere Real Estate Midtown. Selling Office: Compass Washington.

Sold Price
$856,000
List Price
$949,000
Status
SOLD
MLS#
1484490
Closing Date
Nov 21, 2019
Days on Market
86
Style
53 - Tri-plex
Building Condition
Average
Finished SqFt
2,220
Area Total SqFt
2220
Annual Tax Ammount
6129
Lot Size (sq ft)
2,968
Sewer
Sewer Connected

Property Description

Sitting within a block of the mixed-use Vulcan project at 23rd and Jackson that is slated to open in 2020 and will likely become a pillar of Seattle’s Central District, this 1903-built triplex awaits. Tucked along a tree-lined street you’ll appreciate updated finishes, in-unit laundry in two units, strong financials, and minimal vacancies. With easy access to I-5 and I-90, plus minutes from Harborview, Seattle U, and downtown, this is the investment opportunity you’ve been waiting for!

Additional Information

List Date
2019-08-27 00:00:00
Community
Central Area
Net Operating Income
$52,341
Gross Adjusted Income
$63,504
Gross Scheduled Income
$64,800
Total Monthly Income
$5,400
Insurance Expenses
$1,356
Water/Sewer/Garbage Expenses
$2,478
Gross Rent Multiplier
15
Total Expenses
$11,163
Cap Rate
5.2
Vacancy Rate
2
Total Number of Units
3
Unit Name
304
Potential Terms
Cash Out, Conventional
Year Built
1903
View
Territorial
Roof
Composition
Site Features
Cable TV, Gas Available, Gated Entry
Other Expenses
1200
School District
Seattle
Elementary School
Leschi
Middle School
Meany Mid
High School
Garfield High
Total Monthly Income
$5,400
Gross Scheduled Income
$64,800
Vacancy Rate
2
Gross Adjusted Income
$63,504
Tax Year
2019
Insurance Expense
$1,356
W/S/G Expenses
$2,478
Total Expenses
$11,163
Net Operating Income
$52,341
Gross Rent Multiplier
15
Cap Rate
5.2
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