Bought with Blackwell Real Estate LLC
$1,350,000
$1,399,950
3.6%For more information regarding the value of a property, please contact us for a free consultation.
4,400 SqFt
SOLD DATE : 01/05/2022
Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,400 sqft
Price per Sqft $306
Subdivision Delridge
MLS Listing ID 1787913
Sold Date 01/05/22
Style 53 - Tri-plex
Year Built 1926
Annual Tax Amount $6,877
Lot Size 6,051 Sqft
Property Description
ACTUAL CAP RATE OF 5.2% AND POTENTIAL TO ADD 2 ADDITIONAL UNITS! Wonderful investment opportunity in this well managed Duplex in great West Seattle Rental Market! Enjoy great cash flow as is or continue to create significant equity and upside by purchasing together with 8118 and 8116! Delridge and addiing units (buyer to verify with city). Steady tenants and low historical vacancy make this the perfect investment to add to or start a rental portfolio. Seller prefers to sell all three together but open to individual building sales. Please do not drive onto property or disturb tenants.
Location
State WA
County King
Area 140 - West Seattle
Interior
Interior Features Fir/Softwood, Wall to Wall Carpet
Flooring Softwood, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Cable Connected, Sewer Connected, Electric
Amenities Available Cable TV, Fenced-Partially
Waterfront No
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Curbs, Paved, 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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