656 W Emerson St, Seattle, WA 98119

$965,000
2,000
SqFt

Listing courtesy of Sound Realty Group Inc.

List Price
$965,000
Status
ACTIVE
MLS#
1753751
Days on Market
10
Style
52 - Duplex
Building Condition
['Good']
Finished SqFt
2,000
Lot Size (sq ft)
3,645

Property Description

North Queen Anne Duplex :: 5% Cap Rate. Units consist of (1) 2 bed/2bath and (1) 3bed/1bath. Both have been updated with modern kitchens, granite countertops, appliances, and feature sunny open living areas with large windows and hardwood floors. Each unit has separate outdoor area and shares common laundry facility. *Brand new roof installed 2021*. This is a solid investment property with lots of options. Lot is zoned LR1 for future development potential: Convert to Zero-Lot Line Townhomes and/or Add Another Level, Or? High-demand rental, walking distance to Seattle Pacific University Campus, Lake Union Ship Canal, and Fremont Tech Hub.

Additional Information

List Date
2021-04-06 00:00:00
Community
Queen Anne
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1949
Total Parking
1
Uncovered Parking
1
Exterior
Wood, Wood Products
Roof
Torch Down
Site Features
Fenced-Fully
Lot Details
Paved Street
School District
Seattle
Elementary School
Coe
Middle School
Mc Clure Mid
High School
Lincoln High
Total Monthly Income
$4,900
Gross Scheduled Income
$58,800
Vacancy Rate
2
Gross Adjusted Income
$57,624
Annual Taxes
$8,267
Tax Year
2020
Insurance Expense
$1,000
Total Expenses
$9,267
Net Operating Income
$48,357
Gross Rent Multiplier
16
Cap Rate
5

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
2.00
Unit 1 Size
890
Unit 1 Rent
$1,950
Unit 2 Beds
3
Unit 2 Baths
1.00
Unit 2 Size
1110
Unit 2 Rent
$2,950
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