9253 51st Ave S, Seattle, WA 98118

$865,000
2,340
SqFt

Listing courtesy of Century 21 Northwest.

List Price
$865,000
Status
ACTIVE
MLS#
1749015
Days on Market
44
Style
52 - Duplex
Building Condition
['Remodeled']
Finished SqFt
2,340
Lot Size (sq ft)
5,500

Property Description

BUILD NOW, FINAL PERMITS IN HAND! Renovated duplex w/stable cash flow AND fully permitted for two additional townhouses! Located in Opportunity Zone for significant tax benefits. Existing duplex fully renovated. Long term tenants w/no vacancy or turnover in 3 years. Main level unit (A) features 4 BR, 2 BA, kitchen w/ stainless steel appliances, and W/D. Upper unit (B) features 2 BR, 1 BA, kitchen w/ stainless steel appliances & W/D. Additional land in rear of lot; final permits received from city of Seattle to build two 4 bedroom townhomes for substantial value enhancement. Pricing is derived from 6.0% cap rate on existing duplex, plus $100K land value for each townhouse unit. Duplex next door at 9257 51st Ave S (MLS # 1723062) also listed.

Additional Information

List Date
2021-03-26 00:00:00
Community
Rainier Beach
Property Type
MULT
Units
2
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1927
Total Parking
2
Uncovered Parking
2
View
['Territorial']
Exterior
Wood, Wood Products
Roof
Composition
Lot Details
Paved Street
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$4,250
Gross Scheduled Income
$51,000
Gross Adjusted Income
$51,000
Annual Taxes
$5,336
Tax Year
2020
Insurance Expense
$961
W/S/G Expenses
$6,000
Total Expenses
$12,297
Net Operating Income
$38,703
Gross Rent Multiplier
16
Cap Rate
5

Room Dimensions

Unit 1 Beds
4
Unit 1 Baths
2.00
Unit 1 Size
1540
Unit 1 Rent
$2,600
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
800
Unit 2 Rent
$1,650
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

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