Active
$1,750,000
Price
4,000
SqFt
4,000
SqFt

7325 47th Avenue SW

Seattle, Washington WA98136

Great investment opportunity! Well maintained, family owned building in an incredible West Seattle location. Strong rental history with no vacancy. Five, 2 bedroom units with spacious floor plans include in-unit laundry, fireplaces and private decks. Located steps away from Lincoln Park, Loman Beach, Coleman Pool, tennis courts, Rapid Ride and the Fauntleroy ferry dock. Each unit includes 1 off street parking space and 1 storage unit. Building has an in-vac system and secured entry.

About This Property

Listing ID1845313
Price$1,750,000
StatusActive
SqFt 4,000
Acres 0.106
CountyKing
SubdivisionLincoln Park
Year Built1985
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Lincoln Park
Year Built 1985
Building Area Units Square Feet
Flooring Laminate, Laminate, Carpet
Furnished Unfurnished
Heating Cooling Type Baseboard
Interior Features Laminate
Living Area Units Square Feet
Stories Total 3
Carport Spaces 2
Elevation Units Feet
Exterior Features Wood
Foundation Details See Remarks
Lot Features Curbs, Sidewalk
Lot Size Square Feet 4635
Lot Size Units Square Feet
MLS Lot Size Source Realist
Number Of Units Total 5
Open Parking Spaces 3
Parking Total 5
Parking Uncovered Spaces 3
Roof Torch Down
Sewer Sewer Connected
Sewer Company Seattle Public Utilites
Structure Type Multi Family
Style Code 55 - 5-9 Units
Units Below Grade true
Units In Building Total 5
Utilities Sewer Connected, Electricity Available
Water Company Seattle Public Utilites
Water Sewer Garbage 7291
Water Source Public
Building Area Total 4000
Country US
Elementary School Buyer To Verify
High School Buyer To Verify
High School District Seattle
Middle Or Junior School Buyer To Verify
MLS Area Major 140 - West Seattle
Waterfront no
Zoning Jurisdiction City
Amenities Fire Sprinklers,Storage
Effective Year Built Source Public Records
First Right Of Refusal no
Mls Status Active
Offers Seller intends to review offers upon receipt
Power Company City of Seattle
Power Production Type Electric
Preliminary Title Ordered yes
Property Condition Average
Site Features Deck
Year Built Effective 1998
Association Fee Frequency Annually
Cap Rate 3.36
Electric Expense 146
Gross Adjusted Income 88800
Gross Rent Multiplier 19
Gross Scheduled Income 88800
Insurance Expense 2152
Leasable Area 4000
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 58800
Other Expense 460
Possession Closing
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 18372
Tax Year 2021
Total Expenses 30000
Total Monthly Income 7400

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7325 47th Avenue SW Seattle, WA 98136

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