Active
$1,850,000
Price
3,685
SqFt
3,685
SqFt

5219 22nd Avenue NE

Seattle, Washington WA98105

Capstone Commercial is proud to present this craftsman style Fourplex, located within three blocks of the University of Washington. Building is well maintained, making it simple to operate or manage with pride of ownership. Built in 1914, this 4 unit has Two 4 bedroom 2 bathroom units, One 2 bedroom 1 bathroom unit, and a Studio with updated bathroom and kitchen. In all, there are 11 bedrooms and 6 bathrooms. Building produces $10,750 of monthly income! What sets this building apart from smaller comparable buildings are the two large spacious 4 bed 2 bath units. There is a coin operated common laundry, owned by the property, adding additional income. Tenants pay for gas and electricity. Water, Sewer and Garbage are included in their rent.

About This Property

Listing ID1844988
Price$1,850,000
StatusActive
SqFt 3,685
Acres 0.116
CountyKing
SubdivisionUniversity District
Year Built1914
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision University District
Year Built 1914
Building Area Units Square Feet
Flooring Hardwood
Furnished Unfurnished
Heating Cooling Type Forced Air, Insert
Living Area Units Square Feet
Stories Total 3
Elevation Units Feet
Exterior Features Wood
Foundation Details Poured Concrete
Lot Size Square Feet 5050
Lot Size Units Square Feet
MLS Lot Size Source Realist
Number Of Units Total 4
Roof Composition
Sewer Sewer Connected
Sewer Company City of Seattle
Structure Type Quadruplex
Style Code 54 - 4-Plex
Units Below Grade true
Units In Building Total 4
Utilities High Speed Internet, Natural Gas Available, Sewer Connected, Electricity Available, Natural Gas Connected
Water Company City of Seattle
Water Sewer Garbage 8885
Water Source Community
Building Area Total 3685
Country US
High School District Seattle
MLS Area Major 710 - North Seattle
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
Amenities Coin Op Laundry
First Right Of Refusal no
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Company City of Seattle
Power Production Type Electric, Natural Gas
Preliminary Title Ordered yes
Site Features Deck, Gas Available, High Speed Internet, Patio
Cap Rate 5.01
Gross Rent Multiplier 14
Gross Scheduled Income 129850
Insurance Expense 1842
Leasable Area 3685
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 92696
Other Expense 12024
Possession Closing
Sale Type MLS
Seller Disclosure Not Provided
Special Listing Conditions None
Tax Annual Amount 14403
Tax Year 2021
Total Expenses 37154
Total Monthly Income 10750

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5219 22nd Avenue NE Seattle, WA 98105

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