1612 N 38th Street, Seattle, WA 98103
- $1,085,000
- 1,850
- SqFt
Listing courtesy of Agencyone Tacoma. Selling Office: Skyline Properties, Inc..
- Sold Price
- $1,085,000
- List Price
- $1,125,000
- Status
- SOLD
- MLS#
- 2210743
- Closing Date
- May 24, 2024
- Days on Market
- 27
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,850
- Area Total SqFt
- 1850
- Annual Tax Ammount
- 8509.82
- Lot Size (sq ft)
- 2,400
- Sewer
- Sewer Connected
Property Description
This conveniently located legal duplex offers versatile living options with income potential, perfect for multi-generational living or savvy investors seeking an opportunity to offset expenses. Formerly an Airbnb, this home features a new roof, separately metered units with tankless water heaters for each, off-street parking, a basement for storage, a stone patio for entertaining, and a private fenced backyard. Minutes from I-5, this home boasts close proximity to John Stanford International and other top schools, Gas Works Park, and University of Washington. Enjoy breathtaking Seattle skyline views from both units, let a gentle breeze through the double French doors on the balcony, or unwind on the charming wrap-around porch down below.
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Additional Information
- List Date
- 2024-04-27 00:00:00
- Community
- Wallingford
- Net Operating Income
- $64,800
- Gross Adjusted Income
- $68,400
- Gross Scheduled Income
- $72,000
- Total Monthly Income
- $6,000
- Insurance Expenses
- $5,026
- Water/Sewer/Garbage Expenses
- $2,400
- Gross Rent Multiplier
- 15.2
- Total Expenses
- $17,135
- Cap Rate
- 5.8
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 1612
- Potential Terms
- Cash Out, Conventional, FHA, USDA Loan, VA Loan
- Year Built
- 1902
- View
- See Remarks, Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Fully, Patio
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Elementary School
- John Stanford Intl
- Middle School
- Hamilton Mid
- High School
- Lincoln High
- Total Monthly Income
- $6,000
- Gross Scheduled Income
- $72,000
- Vacancy Rate
- 5
- Gross Adjusted Income
- $68,400
- Tax Year
- 2023
- Insurance Expense
- $5,026
- W/S/G Expenses
- $2,400
- Total Expenses
- $17,135
- Net Operating Income
- $64,800
- Gross Rent Multiplier
- 15.2
- Cap Rate
- 5.8
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.