5045 11th Avenue NE, Seattle, WA 98105
- $1,588,000
- 2,744
- SqFt
Listing courtesy of Westlake Associates, Inc..
- List Price
- $1,588,000
- Status
- ACTIVE
- MLS#
- 1926907
- Days on Market
- 58
- Style
- 54 - 4-Plex
- Finished SqFt
- 2,744
- Area Total SqFt
- 2744
- Lot Size (sq ft)
- 4,067
Property Description
The property is comprised of 4 very well-maintained, large 1-bedroom units averaging approx. 686 square feet, wood burning fireplaces, tons of natural light, off-street parking and storage for tenants to enjoy. Flexibility to own an income-producing property with the ability to increase cashflow through remodeling or redevelopment. Recently up-zoned to MR(M1) which allows investors to take advantage of the UW Growth Plan. On the market for the first time in more than 50 years.
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Additional Information
- List Date
- 2022-05-03 20:43:10
- Community
- University District
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1963
- Roof
- Flat
- Heating/Cooling Type
- Forced Air
- Other Expenses
- 2000
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $6,389
- Gross Scheduled Income
- $76,668
- Vacancy Rate
- 2
- Gross Adjusted Income
- $75,165
- Tax Year
- 2021
- Insurance Expense
- $1,500
- W/S/G Expenses
- $4,500
- Total Expenses
- $22,996
- Net Operating Income
- $52,169
- Gross Rent Multiplier
- 21
- Cap Rate
- 3.29
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