4710 Evanston Avenue N, Seattle, WA 98103

$1,500,000
4,147
SqFt

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Listing courtesy of Windermere Real Estate/HLC. Selling Office: ZNonMember-Office-MLS.

Sold Price
$1,500,000
List Price
$1,600,000
Status
SOLD
MLS#
2039882
Closing Date
Oct 20, 2023
Days on Market
210
Style
55 - 5-9 Units
Building Condition
Very Good
Finished SqFt
4,147
Area Total SqFt
4147
Annual Tax Ammount
12391
Lot Size (sq ft)
5,000
Sewer
Sewer Connected

Property Description

PRICE REDUCED!! PRIME LOCATION!! Looking for a great investment opportunity in Seattle's sought-after Fremont area? Look no further than this fantastic 5-plex located just a short stroll from the Woodland Park Zoo! Featuring 2 spacious 2-bedrm units & 3 1-bedrm units, Some units have been updated w/modern finishes, making them even more appealing to potential renters. Each unit boasts a private patio for outdoor relaxation,Plenty of parking for all-including a covered 3 car carport .Gated entry provides security.With its prime location in one of Seattle's most desirable neighborhoods & its excellent amenities, this 5-plex is sure to attract high-quality tenants & provide an excellent return on investment.

Additional Information

List Date
2023-03-24 00:00:00
Community
Fremont
Net Operating Income
$62,296
Gross Adjusted Income
$87,300
Gross Scheduled Income
$87,300
Total Monthly Income
$7,275
Insurance Expenses
$2,622
Water/Sewer/Garbage Expenses
$5,637
Gross Rent Multiplier
19.5
Total Expenses
$25,003
Cap Rate
3.7
Total Number of Units
5
Unit Name
4710
Potential Terms
Cash Out, Conventional, Owner Financing
Year Built
1960
Roof
Torch Down
Site Features
Deck, Fenced-Partially, Gated Entry, Patio
Electric Expenses
336
Other Expenses
4017
Energy Source
Electric
School District
Seattle
Total Monthly Income
$7,275
Gross Scheduled Income
$87,300
Gross Adjusted Income
$87,300
Tax Year
2022
Insurance Expense
$2,622
W/S/G Expenses
$5,637
Total Expenses
$25,003
Net Operating Income
$62,296
Gross Rent Multiplier
19.5
Cap Rate
3.7
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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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