2462 Dexter Avenue N

Seattle, Washington WA98109

Mali Hus 6 Unit and Annex Duplex. Located on the West Side of South Lake Union are two parcels which can be sold separately or purchased as one investment. The Mali Hus is made up of a 2bed/2bath+Den Penthouse with a private elevator and six 1Bed/1Bath units all with in unit W/D. Below the Mali House sits a separate parcel known as the Annex Duplex which includes a single family house w/massive deck and unobstructed views of South Lake Union. It also includes a large 1Bed/1Bath unit. 6 Car Garage Parking and ample upside in rents.

About This Property

Listing ID1852409
SqFt 7,385
Acres 0.181
SubdivisionSouth Lake Union
Year Built1976
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision South Lake Union
Year Built 1976
Building Area Units Square Feet
Furnished Unfurnished
Heating Cooling Type Forced Air
Living Area Units Square Feet
Stories Total 4
Covered Spaces 6
Elevation Units Feet
Exterior Features See Remarks
Lot Size Square Feet 7900
Lot Size Units Square Feet
MLS Lot Size Source public
Number Of Units Total 8
Open Parking Spaces 8
Parking Total 14
Parking Uncovered Spaces 8
Roof See Remarks
Sewer Sewer Connected
Sewer Company Public
Structure Type Multi Family
Style Code 55 - 5-9 Units
Units Below Grade true
Units In Building Total 8
Utilities Sewer Connected, Electricity Available
Water Company Public
Water Sewer Garbage 11271
Building Area Total 7385
Country US
High School District Seattle
MLS Area Major 700 - Queen Anne/Magno
View Lake
Waterfront no
Zoning Class Multi-Family
Effective Year Built Source Public Records
First Right Of Refusal no
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Company Seattle CIty Light
Power Production Type Electric
Preliminary Title Ordered yes
Property Condition Good
SOC Comments 2.00
Year Built Effective 2000
Association Fee Frequency Annually
Cap Rate 3.82
Gross Adjusted Income 246710
Gross Rent Multiplier 18
Gross Scheduled Income 254340
Insurance Expense 6581
Leasable Area 7385
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 175704
Other Expense 20335
Possession Closing
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 32818
Tax Year 2021
Total Expenses 71005
Total Monthly Income 21195
Vacancy Rate 3

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2462 Dexter Avenue N Seattle, WA 98109

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Active Listing courtesy of The Foundation Group LLC
Active Listing courtesy of The Foundation Group LLC
Active Listing courtesy of The Foundation Group LLC
Data services provided by IDX Broker