5301 Erskine Way SW, Seattle, WA 98136
- $1,140,000
- 2,572
- SqFt
Listing courtesy of eXp Realty. Selling Office: Windermere R.E./Snohomish Inc..
- Sold Price
- $1,140,000
- List Price
- $1,050,000
- Status
- SOLD
- MLS#
- 2188573
- Closing Date
- Feb 23, 2024
- Days on Market
- 13
- Style
- 54 - 4-Plex
- Finished SqFt
- 2,572
- Area Total SqFt
- 2572
- Annual Tax Ammount
- 9471
- Lot Size (sq ft)
- 7,626
- Sewer
- Sewer Connected
- Offer Review Date
- 2024-01-23
Property Description
Fantastic investment opportunity in the heart of West Seattle! Close to Alaska Junction restaurants, shopping, and transit lines, this mid-century corner lot fourplex has been meticulously maintained by its current owners. The property features four one-bedroom, one-bathroom units, a carport for convenient off-street parking, and two outdoor patio areas for tenants to enjoy. With its strong rental history and current below market rental rates, this property is perfect for those who are looking for their first multi-family investment or those who want to add to their portfolio.
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Additional Information
- List Date
- 2024-02-10 00:00:00
- Community
- Seaview
- Net Operating Income
- $46,956
- Gross Scheduled Income
- $64,140
- Total Monthly Income
- $5,345
- Insurance Expenses
- $3,589
- Water/Sewer/Garbage Expenses
- $3,536
- Total Expenses
- $17,184
- Cap Rate
- 4.47
- Total Number of Units
- 4
- Unit Name
- 5301
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1954
- Roof
- Composition
- Site Features
- Fenced-Partially
- Electric Expenses
- 588
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Alki
- Middle School
- Madison Mid
- High School
- West Seattle High
- Total Monthly Income
- $5,345
- Gross Scheduled Income
- $64,140
- Tax Year
- 2023
- Insurance Expense
- $3,589
- W/S/G Expenses
- $3,536
- Total Expenses
- $17,184
- Net Operating Income
- $46,956
- Cap Rate
- 4.47
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.