3500 W Government Wy, Seattle, WA 98199

$1,995,000
6,465
SqFt

Listing courtesy of Windermere Real Estate Co..

List Price
$1,995,000
Status
PENDING
MLS#
1254041
Days on Market
31
Style
55 - 5-9 Units
Finished SqFt
6,465
Lot Size (sq ft)
7,792

Property Description

This well-built 1950s 8-plex is in a stellar location! Tenants have easy access to downtown by bus, car or bicycle and can stroll across the Locks to enjoy Ballard restaurants. Discovery Park, with its 534 wooded acres and saltwater beaches, is just 1 block away. There are five 2-bdrm units and three 1-bdrm units with an average size of 735 sq ft. Units have ample storage and off-street parking. Low rents plus large units equals tremendous upside potential.

Additional Information

List Date
2018-03-06 00:00:00
Community
Magnolia
Property Type
MULT
Units
8
Stories
3
Potential Terms
Cash Out
Year Built
1959
Total Parking
8
Uncovered Parking
8
Exterior
Brick, Wood
Roof
Torch Down
Lot Details
Corner Lot, Paved Street
School District
Seattle
Elementary School
Lawton
Middle School
Mc Clure Mid
High School
Ballard High
Total Monthly Income
$9,325
Gross Scheduled Income
$112,200
Vacancy Rate
2
Gross Adjusted Income
$109,956
Annual Taxes
$15,062
Tax Year
2017
Insurance Expense
$2,619
W/S/G Expenses
$12,907
Total Expenses
$31,387
Net Operating Income
$78,569
Gross Rent Multiplier
18
Cap Rate
3

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
770
Unit 1 Rent
$1,495
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
770
Unit 2 Rent
$930
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
770
Unit 3 Rent
$1,600
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
770
Unit 4 Rent
$995
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
630
Unit 5 Rent
$1,100
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
770
Unit 6 Rent
$960

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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