6247 Flora Avenue S, Seattle, WA 98108
- $1,005,000
- 2,550
- SqFt
Listing courtesy of Windermere Mercer Island. Selling Office: Windermere Real Estate Co..
- Sold Price
- $1,005,000
- List Price
- $998,900
- Status
- SOLD
- MLS#
- 2357955
- Closing Date
- Aug 29, 2025
- Days on Market
- 125
- Style
- 54 - 4-Plex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 2,550
- Area Total SqFt
- 2550
- Annual Tax Ammount
- 8994
- Lot Size (sq ft)
- 8,000
- Sewer
- Sewer Connected
Property Description
A GREAT OPPORTUNITY AWAITS YOU WITH THIS OUTSTANDING PROPERTY! The Historic Faust-Dahlstrom House in hip and happening Georgetown is available for the first time in many years. This 4-UNIT PROPERTY (TRIPLEX + COTTAGE) situated on an 8000 SQFT LOT has the POTENTIAL TO BUILD ANOTHER DADU for even more income, and it may be possible to put more than one additional DADU on this lot (Buyer to verify). Cap rate is currently 5.7% These units have been updated, yet retain their historic charm. BELOW MARKET RENTS MORE THAN COVER MORTGAGE AND EXPENSES WITH 25% DOWN! Call helpful Listing Broker for full information on this excellent property.
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Additional Information
- List Date
- 2025-04-26 00:00:00
- Community
- Georgetown
- Net Operating Income
- $61,070
- Gross Adjusted Income
- $79,804
- Gross Scheduled Income
- $82,272
- Total Monthly Income
- $6,856
- Insurance Expenses
- $2,710
- Water/Sewer/Garbage Expenses
- $3,945
- Gross Rent Multiplier
- 13
- Total Expenses
- $18,734
- Cap Rate
- 5.7
- Vacancy Rate
- 3
- Total Number of Units
- 4
- Unit Name
- 6247
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1895
- View
- See Remarks
- Roof
- Flat
- Site Features
- Cabana/Gazebo, Cable TV, Fenced-Fully, Gas Available, High Speed Internet
- Electric Expenses
- 1716
- Other Expenses
- 1275
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $6,856
- Gross Scheduled Income
- $82,272
- Vacancy Rate
- 3
- Gross Adjusted Income
- $79,804
- Tax Year
- 2024
- Insurance Expense
- $2,710
- W/S/G Expenses
- $3,945
- Total Expenses
- $18,734
- Net Operating Income
- $61,070
- Gross Rent Multiplier
- 13
- Cap Rate
- 5.7
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.