3844 Fremont Ave N, Seattle, WA 98103

$1,075,000
2,400
SqFt

Listing courtesy of Coldwell Banker Bain.

List Price
$1,075,000
Status
ACTIVE
MLS#
1294781
Price Change
▼ $20,000 1531435922
Days on Market
63
Style
53 - Tri-plex
Finished SqFt
2,400
Lot Size (sq ft)
3,593

Property Description

A triplex in the heart of Fremont: one 3bd unit, two studio units. CENTRAL LOCATION: two blocks from Google, and close to Tableau, Amazon, and more. INCOME GENERATING: this well-maintained property has seen 0 vacancy days since current ownership in 2014. Fixed-term leases good until 10/2018 and later. Current gross operating income is $5,410. FUTURE DEVELOPMENT: currently zoned LR-2, planned to be upzoned to LR3M after MHA.

Additional Information

List Date
2018-05-17 00:00:00
Community
Fremont
Property Type
MULT
Units
3
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1930
Total Parking
3
Uncovered Parking
3
View
Territorial
Exterior
Brick
Roof
Torch Down
Site Features
['Cable TV', 'Deck']
Lot Details
Corner Lot, Sidewalk
School District
Seattle
Elementary School
Bf Day
Middle School
Hamilton Mid
High School
Ballard High
Total Monthly Income
$5,410
Gross Scheduled Income
$64,920
Vacancy Rate
3
Gross Adjusted Income
$62,972
Annual Taxes
$7,807
Tax Year
2018
Insurance Expense
$1,270
W/S/G Expenses
$3,774
Total Expenses
$16,501
Net Operating Income
$46,471
Gross Rent Multiplier
18
Cap Rate
4

Room Dimensions

Unit 1 Size
500
Unit 1 Rent
$930
Unit 2 Baths
1.00
Unit 2 Size
700
Unit 2 Rent
$1,520
Unit 3 Beds
3
Unit 3 Baths
1.00
Unit 3 Size
1200
Unit 3 Rent
$2,960

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

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