3018 5th Avenue W, Seattle, WA 98119
- $1,350,000
- 3,070
- SqFt
Listing courtesy of Lake & Company. Selling Office: Windermere RE/Capitol Hill,Inc.
- Sold Price
- $1,350,000
- List Price
- $1,350,000
- Status
- SOLD
- MLS#
- 2264041
- Closing Date
- Oct 24, 2024
- Days on Market
- 358
- Style
- 53 - Tri-plex
- Building Condition
- Very Good
- Finished SqFt
- 3,070
- Area Total SqFt
- 3070
- Annual Tax Ammount
- 14060
- Lot Size (sq ft)
- 7,200
- Sewer
- Sewer Connected
Property Description
Modern View Triplex (1972) located on Seattle’s lovely Queen Anne hill. 2 of 3 Units are vacant to Owner Occupy or set new rents. pro forma cap rate of 6.6%. Units live like own homes w/private access. Look out to a lush & verdant 7,200 SF park-like property. High-rent demand. Each unit has w/d, separate hot water heaters & electric meters. All have stainless kitchens & updated flooring. Level entry main floor is 2BD/2BA, 1,440 SF + a 440 SF garage & oversized driveway. Above grade lower units are 2BD/1BA, 815 SF w/private decks & patios & extra high ceilings & big windows. 5th Ave W is a quiet street & a well-established residential neighborhood. Invest w/proximity to Queen Anne Avenue, SLU, Fremont, Downtown & best of Seattle.
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Additional Information
- List Date
- 2023-11-01 00:00:00
- Community
- Queen Anne
- Net Operating Income
- $89,120
- Gross Adjusted Income
- $109,200
- Gross Scheduled Income
- $109,200
- Total Monthly Income
- $9,100
- Insurance Expenses
- $1,000
- Water/Sewer/Garbage Expenses
- $5,020
- Gross Rent Multiplier
- 12.36
- Total Expenses
- $20,080
- Cap Rate
- 6.6
- Total Number of Units
- 3
- Unit Name
- 3018
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1972
- View
- Territorial
- Roof
- Composition, Torch Down
- Site Features
- Cable TV, Deck, Patio
- Energy Source
- Electric, Wood
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Mc Clure Mid
- High School
- Buyer To Verify
- Total Monthly Income
- $9,100
- Gross Scheduled Income
- $109,200
- Gross Adjusted Income
- $109,200
- Tax Year
- 2024
- Insurance Expense
- $1,000
- W/S/G Expenses
- $5,020
- Total Expenses
- $20,080
- Net Operating Income
- $89,120
- Gross Rent Multiplier
- 12.36
- Cap Rate
- 6.6
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.