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.

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
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks