4202 Phinney Avenue N, Seattle, WA 98103
- $1,640,000
- 3,288
- SqFt
Listing courtesy of Westlake Associates, Inc.. Selling Office: Windermere R.E. Shoreline.
- Sold Price
- $1,640,000
- List Price
- $1,695,000
- Status
- SOLD
- MLS#
- 2187812
- Closing Date
- Mar 15, 2024
- Days on Market
- 29
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,288
- Area Total SqFt
- 3288
- Annual Tax Ammount
- 12395
- Lot Size (sq ft)
- 6,000
- Sewer
- Sewer Connected
Property Description
Unbeatable Fremont Location. The Phinney Fourplex is a classic property situated on an ideal corner lot with beautiful Southwest views. The property is zoned LR1 and is a perfect land bank with tons of potential for future development. The existing building has a historically low vacancy rate with consistently strong rental cash flow. The units all boast desirable old world charm features such as coved archways and hardwood floors. Potential townhome/rowhouse redevelopment, corner lot zoned LR1.
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Additional Information
- List Date
- 2024-02-15 00:00:00
- Community
- Fremont
- Net Operating Income
- $64,280
- Gross Adjusted Income
- $86,834
- Gross Scheduled Income
- $89,520
- Total Monthly Income
- $7,460
- Insurance Expenses
- $2,501
- Water/Sewer/Garbage Expenses
- $4,458
- Gross Rent Multiplier
- 17.6
- Total Expenses
- $22,554
- Cap Rate
- 3.79
- Vacancy Rate
- 3
- Total Number of Units
- 4
- Unit Name
- 4202
- Potential Terms
- Cash Out, Conventional, See Remarks
- Year Built
- 1910
- Roof
- Composition
- Other Expenses
- 3200
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $7,460
- Gross Scheduled Income
- $89,520
- Vacancy Rate
- 3
- Gross Adjusted Income
- $86,834
- Tax Year
- 2023
- Insurance Expense
- $2,501
- W/S/G Expenses
- $4,458
- Total Expenses
- $22,554
- Net Operating Income
- $64,280
- Gross Rent Multiplier
- 17.6
- Cap Rate
- 3.79
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.