2708 E Pike Street, Seattle, WA 98122

$1,580,000
4,989
SqFt

Listing courtesy of John L. Scott, Inc.. Selling Office: Starnberg Realty Inc.

Sold Price
$1,580,000
List Price
$1,599,000
Status
SOLD
MLS#
1809385
Closing Date
Jan 11, 2022
Days on Market
134
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
4,989
Area Total SqFt
4989
Lot Size (sq ft)
3,200

Property Description

Charming, extremely unique,restored 1907 Classic Craftsman Row House duplex. 4900'+ interior space. Extensively renovated, most systems improved or replaced. 2708 features a large & open floor plan with fabulous territorial views of Madison Valley & Mt. Baker, refinished fir floors,modern bath & kitchen,in-unit laundry. Excellent mid city location for both residence or pure rental. Owner occupy 2708 & supplement w/$4400+ mo. rental income from 2710. 1200' of unfinished lower floor area waiting to be built out into income producing space. Huge garage & shop,new yard/patio.See income & reno details in supplements.Please DO NOT disturb tenants. Excellent long term investment potential in the city core yet NOT downtown!

Additional Information

List Date
2021-08-30 00:00:00
Community
Madison Valley
Potential Terms
Cash Out, Conventional
Year Built
1907
Roof
Flat
Heating/Cooling Type
Forced Air
Electric Expenses
590
Other Expenses
2687
Energy Source
Natural Gas
School District
Seattle
Elementary School
Madrona Elementary
High School
Garfield High
Total Monthly Income
$7,075
Gross Scheduled Income
$84,900
Gross Adjusted Income
$84,900
Tax Year
2020
Insurance Expense
$1,235
W/S/G Expenses
$3,873
Total Expenses
$20,334
Net Operating Income
$64,566
Cap Rate
3
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