4201 34th Place W, Seattle, WA 98199
- $1,020,000
- 2,772
- SqFt
Listing courtesy of Pacific Properties. Selling Office: Skyline Properties, Inc..
- Sold Price
- $1,020,000
- List Price
- $1,150,000
- Status
- SOLD
- MLS#
- 2162949
- Closing Date
- Dec 05, 2023
- Days on Market
- 10
- Style
- 55 - 5-9 Units
- Building Condition
- Average
- Finished SqFt
- 2,772
- Area Total SqFt
- 2772
- Annual Tax Ammount
- 11024
- Lot Size (sq ft)
- 5,333
- Sewer
- Sewer Connected
Property Description
QUEEN ANNE/MAGNOLIA MULTI-PLEX ALERT! Great investment opportunity w/this 5-unit building that has HUGE rental income upside. Rents currently VERY LOW for the area. First time on market in over 30 years. Apartment units consist of two 1-bed, 1-bath units & two 2-bed, 1-bath units in the main building, and a 1-bed, 1-bath unit above a separate 2-car garage. All apartment units have lrg covered, private decks. The buildings back up to a private protected & wooded greenbelt area. Lrg 5,333 sq ft. lot zoned LR3 (M). Tenants have access to 2 separate laundry rooms w/free washer/dryer access. Conveniently located providing easy access to Discovery Park, Magnolia Village & Elliott Bay Bike Trail, w/easy walking distance to Metropolitan Market.
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Additional Information
- List Date
- 2023-11-25 00:00:00
- Community
- Magnolia
- Net Operating Income
- $59,776
- Gross Adjusted Income
- $59,776
- Gross Scheduled Income
- $87,000
- Total Monthly Income
- $87,000
- Insurance Expenses
- $1,800
- Water/Sewer/Garbage Expenses
- $14,400
- Gross Rent Multiplier
- 19.24
- Total Expenses
- $27,224
- Cap Rate
- 6
- Total Number of Units
- 5
- Unit Name
- 4201
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1953
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Gas Available, High Speed Internet
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Magnolia Elementary
- Middle School
- Buyer To Verify
- High School
- Ballard High
- Total Monthly Income
- $87,000
- Gross Scheduled Income
- $87,000
- Gross Adjusted Income
- $59,776
- Tax Year
- 2023
- Insurance Expense
- $1,800
- W/S/G Expenses
- $14,400
- Total Expenses
- $27,224
- Net Operating Income
- $59,776
- Gross Rent Multiplier
- 19.24
- Cap Rate
- 6
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.