18909 47th Avenue S, SeaTac, WA 98188
- $1,100,000
- 3,780
- SqFt
Listing courtesy of John L. Scott, Inc. Selling Office: VIP International R/E Group.
- Sold Price
- $1,100,000
- List Price
- $1,150,000
- Status
- SOLD
- MLS#
- 2197730
- Closing Date
- May 15, 2024
- Days on Market
- 38
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,780
- Area Total SqFt
- 3780
- Annual Tax Ammount
- 9806
- Lot Size (sq ft)
- 8,632
- Sewer
- Sewer Connected
Property Description
Opportunity for savvy investors seeking consistent cash flow with low stress tenants & minimal expense on a growing rental market. Occupy one of the units with a low residential loan and earn income on the other 3 units. Quality long-term tenants with month-to-month lease. Amazing 4plex conveniently located near SeaTac International Airport and I-5 with a desirable mix of three 2-bed/1 bath and one 1-bed/1 bath units. All same floorplans except for the 1 bedroom. Well maintained building with updated kitchens, bathrooms & flooring. 8 reserved parking. Coin-op laundry for added income. Rubber sealed rolled on roofing. One inch cedar siding; Walking distance to Angle lake, public transportation, and Valley Ridge Community Center & Ball Fields
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Additional Information
- List Date
- 2024-04-07 00:00:00
- Community
- SeaTac
- Net Operating Income
- $62,141
- Gross Adjusted Income
- $83,160
- Gross Scheduled Income
- $83,160
- Total Monthly Income
- $6,850
- Insurance Expenses
- $2,988
- Water/Sewer/Garbage Expenses
- $3,807
- Gross Rent Multiplier
- 13.83
- Total Expenses
- $21,018
- Cap Rate
- 5.4
- Total Number of Units
- 4
- Unit Name
- 18909
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1966
- Roof
- Flat
- Site Features
- Cable TV, Deck, Patio
- Electric Expenses
- 1661
- Other Expenses
- 2754
- Energy Source
- Electric
- School District
- Highline
- Elementary School
- Bow Lake Elem
- Middle School
- Chinook Mid
- High School
- Tyee High
- Total Monthly Income
- $6,850
- Gross Scheduled Income
- $83,160
- Gross Adjusted Income
- $83,160
- Tax Year
- 2023
- Insurance Expense
- $2,988
- W/S/G Expenses
- $3,807
- Total Expenses
- $21,018
- Net Operating Income
- $62,141
- Gross Rent Multiplier
- 13.83
- Cap Rate
- 5.4
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.