8500 23rd Avenue NE, Seattle, WA 98115
- $780,000
- 1,700
- SqFt
Listing courtesy of WPI Real Estate Services, Inc.. Selling Office: Horizon Real Estate.
- Sold Price
- $780,000
- List Price
- $799,950
- Status
- SOLD
- MLS#
- 2208515
- Closing Date
- May 10, 2024
- Days on Market
- 3
- Style
- 52 - Duplex
- Finished SqFt
- 1,700
- Area Total SqFt
- 1700
- Annual Tax Ammount
- 6390
- Lot Size (sq ft)
- 4,025
- Sewer
- Sewer Connected
Property Description
Here it is! Your golden opportunity to own an income producing duplex zoned LR1(M)!!! Both units are 2 BR units producing income while you apply for your building permits for this amazing light filled bright corner development lot. Expenses are proforma at 30% of GSI. Upper unit is vacant and ready to be rented!
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Additional Information
- List Date
- 2024-05-07 00:00:00
- Community
- Lake City
- Net Operating Income
- $28,938
- Gross Adjusted Income
- $41,340
- Gross Scheduled Income
- $41,340
- Total Monthly Income
- $3,445
- Insurance Expenses
- $1,374
- Gross Rent Multiplier
- 19.35
- Total Expenses
- $12,402
- Cap Rate
- 3.62
- Total Number of Units
- 2
- Unit Name
- 8500
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1908
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially
- Other Expenses
- 4638
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $3,445
- Gross Scheduled Income
- $41,340
- Gross Adjusted Income
- $41,340
- Tax Year
- 2023
- Insurance Expense
- $1,374
- Total Expenses
- $12,402
- Net Operating Income
- $28,938
- Gross Rent Multiplier
- 19.35
- Cap Rate
- 3.62
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.