5219 22nd Avenue NE, Seattle, WA 98105
- $1,637,500
- 3,685
- SqFt
Listing courtesy of Capstone Commercial. Selling Office: Windermere RE Magnolia.
- Sold Price
- $1,637,500
- List Price
- $1,700,000
- Status
- SOLD
- MLS#
- 2195445
- Closing Date
- May 23, 2024
- Days on Market
- 268
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,685
- Area Total SqFt
- 3685
- Annual Tax Ammount
- 12308
- Lot Size (sq ft)
- 5,050
- Sewer
- Sewer Connected
Property Description
This craftsman style Fourplex is located within three blocks of the University of Washington. Building is well maintained, making it simple to operate and manage with pride of ownership. Built in 1914, this 4 unit has Two 4 bedroom 2 bathroom units, One 2 bedroom 1 bathroom unit, and a Studio with updated bathrooms and kitchen. In all, there are 11 bedrooms and 6 bathrooms. Building produces $11,750 of monthly income! What sets this building apart from smaller comparable buildings are the two large spacious 4 bed 2 bath units. There is a coin operated common laundry, owned by the property, adding additional income. Tenants pay for gas and electricity. Water, Sewer and Garbage are included in their rent.
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Additional Information
- List Date
- 2023-08-29 00:00:00
- Community
- University District
- Net Operating Income
- $103,250
- Gross Adjusted Income
- $142,961
- Gross Scheduled Income
- $145,855
- Total Monthly Income
- $10,750
- Insurance Expenses
- $1,000
- Water/Sewer/Garbage Expenses
- $7,404
- Gross Rent Multiplier
- 13
- Total Expenses
- $39,711
- Cap Rate
- 6.07
- Vacancy Rate
- 2
- Total Number of Units
- 4
- Unit Name
- 5219
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1914
- Roof
- Composition
- Site Features
- Deck, Gas Available, High Speed Internet, Patio
- Electric Expenses
- 2632
- Other Expenses
- 16367
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Total Monthly Income
- $10,750
- Gross Scheduled Income
- $145,855
- Vacancy Rate
- 2
- Gross Adjusted Income
- $142,961
- Tax Year
- 2023
- Insurance Expense
- $1,000
- W/S/G Expenses
- $7,404
- Total Expenses
- $39,711
- Net Operating Income
- $103,250
- Gross Rent Multiplier
- 13
- Cap Rate
- 6.07
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.