4345 32nd Ave W, Seattle, WA 98199
- $5,075,000
- 15,240
- SqFt
Listing courtesy of Synergy Mrgrs & Acq. LLC.
- List Price
- $5,075,000
- Status
- PENDING
- MLS#
- 1634242
- Price Change
- ▼ $420,000 1603584592
- Days on Market
- 182
- Style
- 56 - 10+ Units
- Building Condition
- ['Good']
- Finished SqFt
- 15,240
- Lot Size (sq ft)
- 12,553
Property Description
This is a rare opportunity to acquire an 18 unit turnkey property. The building is located just minutes from the Metropolitan Magnolia Market and is an easy stroll to Discovery Park & Locks. This property is poised for substantial future appreciation. Significant upside in rents, storage, parking along with utility reimbursements.
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Additional Information
- List Date
- 2020-07-31 00:00:00
- Community
- Magnolia
- Property Type
- MULT
- Units
- 18
- Stories
- 4
- Potential Terms
- Cash Out, Conventional, FHA, VA
- Year Built
- 1976
- Total Parking
- 18
- Uncovered Parking
- 9
- Exterior
- Cement/Concrete, Wood
- Roof
- Cedar Shake, Composition, Flat
- Site Features
- High Speed Internet
- Lot Details
- Curbs, Paved Street, Sidewalk
- School District
- Seattle
- Total Monthly Income
- $23,925
- Gross Scheduled Income
- $289,814
- Vacancy Rate
- 3
- Gross Adjusted Income
- $289,814
- Annual Taxes
- $42,408
- Tax Year
- 2019
- Insurance Expense
- $9,101
- Total Expenses
- $88,090
- Net Operating Income
- $193,029
- Gross Rent Multiplier
- 17
- Cap Rate
- 3
Room Dimensions
- Unit 1 Beds
- 1
- Unit 1 Baths
- 1.00
- Unit 1 Size
- 895
- Unit 1 Rent
- $965
- Unit 2 Beds
- 1
- Unit 2 Baths
- 1.00
- Unit 2 Size
- 895
- Unit 2 Rent
- $1,350
- Unit 3 Beds
- 1
- Unit 3 Baths
- 1.00
- Unit 3 Size
- 895
- Unit 3 Rent
- $1,400
- Unit 4 Beds
- 1
- Unit 4 Baths
- 1.00
- Unit 4 Size
- 895
- Unit 4 Rent
- $1,425
- Unit 5 Beds
- 1
- Unit 5 Baths
- 1.00
- Unit 5 Size
- 840
- Unit 5 Rent
- $1,000
- Unit 6 Beds
- 1
- Unit 6 Baths
- 1.00
- Unit 6 Size
- 840
- Unit 6 Rent
- $1,375
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