2217 42nd Avenue SW, Seattle, WA 98116
- $1,650,000
- 4,426
- SqFt
Listing courtesy of Kidder Mathews. Selling Office: Best Choice Realty.
- Sold Price
- $1,650,000
- List Price
- $1,725,000
- Status
- SOLD
- MLS#
- 2159181
- Closing Date
- Oct 27, 2023
- Days on Market
- 29
- Style
- 55 - 5-9 Units
- Finished SqFt
- 4,426
- Area Total SqFt
- 4426
- Annual Tax Ammount
- 13550
- Lot Size (sq ft)
- 5,554
- Sewer
- Sewer Connected
- Offer Review Date
- 2023-10-12
Property Description
True Turn Key Property. Studs out remodel in 2018 with over $450,000 spent on capital improvements. New roof, siding, windows, sewer & water line, fire monitoring system, seismic upgrades, and more. Each unit has new luxury vinyl planking, quartz countertops, stainless steel appliances, and cabinets. Located in West Seattle's North Admiral neighborhood, the property provides an A+ location for tenants. Situated just a stone's throw away from the bustling Junction neighborhood filled with restaurants and retail or head over to the famous Alki beach to enjoy Seattle's most popular beach. This magnificent turn key property located in an A+ neighborhood makes it an absolute homerun for any investor and owner.
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Additional Information
- List Date
- 2023-09-28 00:00:00
- Community
- Admiral
- Net Operating Income
- $98,041
- Gross Adjusted Income
- $139,662
- Gross Scheduled Income
- $128,719
- Total Monthly Income
- $11,180
- Insurance Expenses
- $3,667
- Water/Sewer/Garbage Expenses
- $2,558
- Gross Rent Multiplier
- 17
- Total Expenses
- $41,971
- Cap Rate
- 5.8
- Total Number of Units
- 5
- Unit Name
- 2217
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1905
- View
- City, Lake, Mountain(s), Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, Patio
- Electric Expenses
- 2557
- Other Expenses
- 17082
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $11,180
- Gross Scheduled Income
- $128,719
- Gross Adjusted Income
- $139,662
- Tax Year
- 2023
- Insurance Expense
- $3,667
- W/S/G Expenses
- $2,558
- Total Expenses
- $41,971
- Net Operating Income
- $98,041
- Gross Rent Multiplier
- 17
- 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.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.