Bought with RE/MAX Eastside Brokers, Inc.
$1,290,000
$1,280,000
0.8%For more information regarding the value of a property, please contact us for a free consultation.
2,150 SqFt
SOLD DATE : 05/11/2021
Key Details
Sold Price $1,290,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,150 sqft
Price per Sqft $600
Subdivision University District
MLS Listing ID 1764326
Sold Date 05/11/21
Style 52 - Duplex
Year Built 1910
Annual Tax Amount $7,104
Lot Size 3,700 Sqft
Property Description
Excellent student housing investment property only two blocks from UW campus -along Greek Row. This 7 bedroom, 2 bath rental has been fully remodeled in 2018, including new Vinyl Plank flooring, new kitchen, new vanities and more. The property includes a storage shed, a nice fenced backyard and off street parking for three vehicles tandem; w/ ability to add two more spaces. Tenants are currently on one easy to manage lease & paying all utilities. Current lease: $6327 until 8/31/21. New lease is in place for $6550 2022 - 5.4% Cap Rate. This highly sought after location has not been vacant in 17 years. Rare opportunity to own a low maintenance and high income investment in U district, with up zone potential.
Location
State WA
County King
Area 710 - North Seattle
Interior
Interior Features Forced Air, Wall to Wall Carpet
Flooring Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Cement Planked
Utilities Available Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
Amenities Available Cable TV, Fenced-Partially, Gas Available, Patio
Waterfront No
View Y/N No
Roof Type Composition
Building
Lot Description Curbs, Secluded, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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Team Leader/Broker | License ID: 108348