6339 42nd Avenue SW, Seattle, WA 98136
- $1,500,000
- 3,256
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Skyline Properties, Inc..
- Sold Price
- $1,500,000
- List Price
- $1,550,000
- Status
- SOLD
- MLS#
- 2165862
- Closing Date
- Dec 22, 2023
- Days on Market
- 62
- Style
- 55 - 5-9 Units
- Finished SqFt
- 3,256
- Area Total SqFt
- 3256
- Annual Tax Ammount
- 11823
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
Property Description
SELLER FINANCING AVAILABLE – The Bruce Apartments is a six-unit building that offers a great opportunity to own a low-maintenance property one block from the Morgan Street Junction. Seller financing is available with a 5.0% interest only rate, 25% down payment, and a 5-year term, making this an ideal opportunity for an investor to start their real estate investment portfolio or add it to their existing holdings. The Bruce Apartments consists of all one bedroom – one bathroom units that have been meticulously maintained and updated over the years. There is a common laundry room and storage units available for each unit of which the current ownership does not charge for.
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Additional Information
- List Date
- 2023-10-21 00:00:00
- Community
- West Seattle
- Net Operating Income
- $66,973
- Gross Adjusted Income
- $96,957
- Gross Scheduled Income
- $102,060
- Total Monthly Income
- $8,505
- Insurance Expenses
- $3,467
- Water/Sewer/Garbage Expenses
- $5,694
- Gross Rent Multiplier
- 15.19
- Total Expenses
- $29,984
- Cap Rate
- 4.32
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 6339
- Potential Terms
- Cash Out, Conventional, Owner Financing
- Year Built
- 1962
- Roof
- Built-Up
- Other Expenses
- 9000
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $8,505
- Gross Scheduled Income
- $102,060
- Vacancy Rate
- 5
- Gross Adjusted Income
- $96,957
- Tax Year
- 2023
- Insurance Expense
- $3,467
- W/S/G Expenses
- $5,694
- Total Expenses
- $29,984
- Net Operating Income
- $66,973
- Gross Rent Multiplier
- 15.19
- Cap Rate
- 4.32
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.