5034 17th Avenue NE, Seattle, WA 98105

$1,790,000
3,888
SqFt

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Listing courtesy of Windermere Real Estate Co.. Selling Office: Windermere Real Estate/East.

Sold Price
$1,790,000
List Price
$1,848,000
Status
SOLD
MLS#
2131081
Closing Date
Sep 18, 2023
Days on Market
34
Style
53 - Tri-plex
Building Condition
Very Good
Finished SqFt
3,888
Area Total SqFt
3888
Annual Tax Ammount
12893
Internet Provider
Comiast
Lot Size (sq ft)
4,320
Sewer
Sewer Connected

Property Description

1909 Craftsman is venerable triplex w/ 14 BR's + smashing new tile & stone kitchens & baths. Hybrid Triplex/ Rooming House: Apt 5034 & Apt C have priv entry & exit doors. Apt B has priv exit doors while 2nd floor landing is open; could frame entry door here + 2nd WD in 2nd bath, etc. All residents now use $coin op WD's in Apt C. Big entry hall is central crossroads. Necessity was the mother of invention: fun "Sunrise Diner" View Kitchen, a vintage 2nd story remodel. See trending, clean heated floors in Apt C's new maple shaker & granite great room. Re-plumbed & re-wired, good boiler & rad's + new wall elec heat. Cap Rate & Cash Flow Info Avail. Rare find healthy, mature group living situation.

Additional Information

List Date
2023-08-15 00:00:00
Community
University District
Net Operating Income
$108,045
Gross Adjusted Income
$141,120
Gross Scheduled Income
$141,120
Total Monthly Income
$11,760
Insurance Expenses
$5,201
Water/Sewer/Garbage Expenses
$5,052
Gross Rent Multiplier
13.1
Total Expenses
$33,075
Cap Rate
5.8
Total Number of Units
3
Unit Name
5034
Potential Terms
Cash Out, Conventional
Year Built
1909
View
Territorial
Roof
Composition
Site Features
Gas Available, High Speed Internet, RV Parking
Electric Expenses
4601
Other Expenses
1392
Energy Source
Electric, Natural Gas
School District
Seattle
Total Monthly Income
$11,760
Gross Scheduled Income
$141,120
Gross Adjusted Income
$141,120
Tax Year
2023
Insurance Expense
$5,201
W/S/G Expenses
$5,052
Total Expenses
$33,075
Net Operating Income
$108,045
Gross Rent Multiplier
13.1
Cap Rate
5.8
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.
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