Active
$1,350,000
Price
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
Price$1,350,000
StatusActive
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 Active
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
Year Built Effective 1955
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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