5219 22nd Avenue NE, Seattle, WA 98105

$1,850,000
3,685
SqFt

Listing courtesy of Capstone Commercial.

List Price
$1,850,000
Status
ACTIVE
MLS#
1844988
Days on Market
64
Style
54 - 4-Plex
Finished SqFt
3,685
Area Total SqFt
3685
Lot Size (sq ft)
5,050

Property Description

Capstone Commercial is proud to present this craftsman style Fourplex, located within three blocks of the University of Washington. Building is well maintained, making it simple to operate or manage with pride of ownership. Built in 1914, this 4 unit has Two 4 bedroom 2 bathroom units, One 2 bedroom 1 bathroom unit, and a Studio with updated bathroom and kitchen. In all, there are 11 bedrooms and 6 bathrooms. Building produces $10,750 of monthly income! What sets this building apart from smaller comparable buildings are the two large spacious 4 bed 2 bath units. There is a coin operated common laundry, owned by the property, adding additional income. Tenants pay for gas and electricity. Water, Sewer and Garbage are included in their rent.

Additional Information

List Date
2021-09-24 22:17:10
Community
University District
Potential Terms
Cash Out, Conventional
Year Built
1914
Roof
Composition
Site Features
Deck, Gas Available, High Speed Internet, Patio
Heating/Cooling Type
Forced Air, Insert
Other Expenses
12024
Energy Source
Electric, Natural Gas
School District
Seattle
Total Monthly Income
$10,750
Gross Scheduled Income
$129,850
Tax Year
2021
Insurance Expense
$1,842
W/S/G Expenses
$8,885
Total Expenses
$37,154
Net Operating Income
$92,696
Gross Rent Multiplier
14
Cap Rate
5
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