4709 8th Avenue NE Unit #B, Seattle, WA 98105

$4,300,000
5,333
SqFt

Listing courtesy of Windermere Real Estate Co..

List Price
$4,300,000
Status
ACTIVE
MLS#
1924488
Days on Market
64
Style
53 - Tri-plex
Building Condition
Very Good
Finished SqFt
5,333
Area Total SqFt
5333
Lot Size (sq ft)
4,282

Property Description

Three standalone rooming houses offer an incredible investment opportunity in the University District, just blocks from University of Washington and one of the newest Link Light Rail stations in the city. UW is home to 40,000+ students offering an endless rental pool! Each home has 8 bedrooms with 2.5+ baths and a laundry area. Spacious common area. Rooms can be rented separately or together. Recently built means low cost to own. Central location with easy access- walk score 94.Across from University Playground, minutes to restaurants, Trader Joes, Safeway, movie theater, public library, and University District Farmer's Market.

Additional Information

List Date
2022-04-27 17:36:11
Community
University District
Potential Terms
Cash Out, Conventional
Year Built
2018
View
Territorial
Roof
Composition
Site Features
High Speed Internet
Heating/Cooling Type
Wall
Other Expenses
1200
Energy Source
Electric
School District
Seattle
Elementary School
Green Lake
Middle School
Hamilton Mid
High School
Lincoln High
Total Monthly Income
$20,000
Gross Scheduled Income
$240,000
Gross Adjusted Income
$240,000
Tax Year
2021
Insurance Expense
$1,800
Total Expenses
$10,774
Net Operating Income
$229,226
Gross Rent Multiplier
17.91
Cap Rate
5.33
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