Closed
$1,305,000
Sold For
3,130
SqFt
3,130
SqFt
7151 Fauntleroy Way SW
Seattle, Washington WA98136
Fabulous location for this fully remodeled triplex that is within a stone throw of Lincoln Park. Updates include all new electric, plumbing, hot water tanks, lighting, flooring, appliances, kitchens, and baths makes this investment ready for top market rates. There are two parking spots for each unit on the property. Shared laundry space with additional income potential. Turn Key for any investor or great owner occupied property with additional income. Short distance to Lowman Beach, the convenience of shops & restaurants of Morgan Street Junction, plus steps to the Rapid Ride-C Line & Fauntleroy Ferry.
About This Property
Listing ID1876779
Sold For$1,305,000
StatusClosed
Sold Date3/08/2022
SqFt
3,130
Acres
0.130
CountyKing
SubdivisionLincoln Park
Year Built1955
Property TypeResidential Income
Property Sub TypeMulti-Family
County
King
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
Lincoln Park
Year Built
1955
Building Area Units
Square Feet
Flooring
Stone, Vinyl Plank
Furnished
Unfurnished
Heating Cooling Type
Wall
Living Area Units
Square Feet
Stories Total
2
Covered Spaces
2
Elevation Units
Feet
Exterior Features
Brick, Wood
Foundation Details
Slab
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Lot Size Square Feet
5680
Lot Size Units
Square Feet
MLS Lot Size Source
Public Records
Number Of Units Total
3
Open Parking Spaces
4
Parking Total
6
Parking Uncovered Spaces
4
Roof
Composition
Sewer
Sewer Connected
Sewer Company
City of Seattle Utilities
Structure Type
Triplex
Style Code
53 - Tri-plex
Units Below Grade
true
Units In Building Total
3
Utilities
Sewer Connected, Electricity Available
Water Company
City of Seattle Utilities
Water Sewer Garbage
3600
Water Source
Public
Building Area Total
3130
Country
US
Elementary School
Gatewood
High School
West Seattle High
High School District
Seattle
Middle Or Junior School
Madison Mid
MLS Area Major
140 - West Seattle
Waterfront
no
Zoning Class
Multi-Family
Zoning Jurisdiction
City
Amenities
Basement,Thermal Windows
Effective Year Built Source
Public Records
First Right Of Refusal
no
Green Energy Efficient
Thermal Windows
Mls Status
Sold
Offers
Seller intends to review offers upon receipt
Possible Use
Multi-Family
Power Company
City of Seattle Utilities
Power Production Type
Electric
Preliminary Title Ordered
yes
Property Condition
Good
Show Map Link
yes
Year Built Effective
1955
Buyer Financing
VA
Cap Rate
6.2
Electric Expense
2400
Gross Adjusted Income
91466
Gross Rent Multiplier
13
Gross Scheduled Income
101280
Insurance Expense
1500
Leasable Area
3130
Leasable Area Units
Square Feet
Leased Items
None
Net Operating Income
83966
Possession
Closing
Sale Type
MLS
Seller Disclosure
Provided
Special Listing Conditions
None
Tax Annual Amount
9814
Tax Year
2021
Total Expenses
17314
Total Monthly Income
7840
Vacancy Rate
3
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7151 Fauntleroy Way SW Seattle, WA 98136
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