3455 23 Avenue W  1-4

Seattle, Washington WA98199

Magnolia Four-plex. Nestled high above the street on a corner lot. Large windows with bright sunlight. Unit facing east and access from W Ruffner St. Lofty territorial views looking towards the Cascades with a peek of the canal. Two units on a second level: 2 bedrooms/1.5 bath, 1130 sf each w/skylights, wood burning fireplaces, vaulted ceilings & decks. Third Unit on lower level: 2 bedrooms/1 bath, 900 sf, fireplace, washer dryer in unit, and a lawn. Have a garden space & patio. The Fourth unit is a 656 sf studio with den & .75 bath. 6 cars off street parking. Three units shared laundry on lower level. Multiple public transportation 1 block away. All Tenants are good on rent. Unit facing east and access from W Ruffner St.

About This Property

Listing ID1851222
SqFt 3,816
Acres 0.161
Year Built1969
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Price Before Reduction 1888000
Price Reduction Date 2021-10-22T03:07:27+00:00
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Magnolia
Year Built 1969
Building Area Units Square Feet
Flooring Ceramic Tile, Engineered Hardwood, Vinyl Plank, Carpet
Furnished Unfurnished
Heating Cooling Type Wall
Living Area Units Square Feet
Stories Total 2
Elevation Units Feet
Exterior Features Brick, Wood Products
Foundation Details Post & Pillar, Poured Concrete
Lot Features Corner Lot, Dead End Street, Paved, Sidewalk
Lot Size Square Feet 7000
Lot Size Units Square Feet
MLS Lot Size Source Public Records
Number Of Units Total 4
Open Parking Spaces 6
Parking Total 6
Parking Uncovered Spaces 6
Roof Flat, Torch Down
Sewer Sewer Connected
Sewer Company City of Seattle
Structure Type Quadruplex
Style Code 54 - 4-Plex
Units Below Grade false
Units In Building Total 4
Utilities High Speed Internet, Sewer Connected, Electricity Available, Wood
Water Company City of Seattle
Water Source See Remarks
Building Area Total 3816
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 700 - Queen Anne/Magno
View Mountain(s), Territorial
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
Amenities Thermal Windows
Effective Year Built Source Public Records
First Right Of Refusal no
Green Energy Efficient Thermal Windows
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Company Seattle City Light
Power Production Type Electric, Wood
Preliminary Title Ordered yes
Property Condition Good
Site Features Deck, High Speed Internet, Patio
Year Built Effective 1969
Association Fee Frequency Annually
Cap Rate 0.04
Electric Expense 2550
Gross Adjusted Income 87780
Gross Rent Multiplier 20
Gross Scheduled Income 92400
Insurance Expense 2090
Leasable Area 3817
Leasable Area Units Square Feet
Leased Items Washer/Dryer
Net Operating Income 66474
Other Expense 4980
Possession Closing, Tenant's Rights
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 14236
Tax Year 2021
Total Expenses 23856
Total Monthly Income 7700
Vacancy Rate 5

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3455 23 Avenue W #1-4 Seattle, WA 98199

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