Active
$1,690,000
Price
3,340
SqFt
3,340
SqFt

5008 17th Avenue NE

Seattle, Washington WA98105

Investor Alert! CAP RATE 7.7 This Classic Victorian has been home to countless UW students. Seven bedrooms, large living, dining, and kitchen area make a perfect place to call home. Whether the use is student housing or your residence, this property has a unique charm and is in the heart of the University District. Off-street parking for four vehicles via the alley driveway and garage makes for easy access. Investors and homeowners alike will find this home truly a must-see opportunity.

About This Property

Listing ID1851260
Price$1,690,000
StatusActive
SqFt 3,340
Acres 0.099
CountyKing
SubdivisionUniversity District
Year Built1925
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision University District
Year Built 1925
Building Area Units Square Feet
Flooring Ceramic Tile, Hardwood, Vinyl, Carpet
Furnished Unfurnished
Heating Cooling Type Forced Air
Interior Features Ceramic Tile, Hardwood
Living Area Units Square Feet
Stories Total 2
Covered Spaces 1
Elevation Units Feet
Exterior Features Wood
Foundation Details Poured Concrete
Lot Features Alley, Curbs, Paved, Sidewalk
Lot Size Square Feet 4320
Lot Size Units Square Feet
MLS Lot Size Source KCR
Number Of Units Total 1
Open Parking Spaces 3
Parking Total 4
Parking Uncovered Spaces 3
Roof Composition
Sewer Available, Sewer Connected
Sewer Company Seattle Public Utilities
Structure Type Duplex
Style Code 52 - Duplex
Units Below Grade true
Units In Building Total 9
Utilities Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Natural Gas Connected
Water Company Seattle Public Utilities
Water Sewer Garbage 1200
Water Source Public
Building Area Total 3340
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 710 - North Seattle
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
First Right Of Refusal no
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Company PSE
Power Production Type Natural Gas
Preliminary Title Ordered yes
Property Condition Average
Site Features Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet
Cap Rate 7.7
Electric Expense 1200
Gross Adjusted Income 130200
Gross Rent Multiplier 15
Gross Scheduled Income 115200
Insurance Expense 800
Leasable Area 3340
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 114600
Possession Closing
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 10000
Tax Year 2021
Total Expenses 15600
Total Monthly Income 9600
Vacancy Rate 1

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5008 17th Avenue NE Seattle, WA 98105

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The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by WPI Real Estate Services, Inc. (7101) and should be verified by the buyer. © 2021 NWMLS. All rights reserved. Data last updated: Sunday, October 24th, 2021 08:36:02 AM.
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