Closed
$1,525,000
Sold For
3,816
SqFt
3,816
SqFt

3455 23rd Avenue W  1-4

Seattle, Washington WA98199

Cash flowing 4-plex in excellent location of Magnolia! Nestled in a great neighborhood sitting on a corner lot, high above the street. Lofty territorial views looking towards the Cascades w/a peek of the canal. 2 top units, 2bdrm/1.5bth each w/skylights, cozy wood burning fireplaces, vaulted ceilings & decks with gorgeous views. Large lower unit with lots of light, 2bdrm/1bth, fireplace, washer dryer & its own private yard/garden area. 4th unit is 1 bed with .75 bath. Public transportation 1 block away and car shares near by. Minutes to parks like Magnolia Reservoir, Magnolia Manor off leash dog park, Discovery park & more. Great schools, shops, restaurants and coffee shops are all near by. Room to increase rent and improve your cash flow

About This Property

Listing ID1879249
Sold For$1,525,000
StatusClosed
Sold Date2/25/2022
SqFt 3,816
Acres 0.161
CountyKing
SubdivisionMagnolia
Year Built1969
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Magnolia
Year Built 1969
Building Area Units Square Feet
Flooring Ceramic Tile, Vinyl, Carpet
Furnished Unfurnished
Heating Cooling Type Baseboard
Interior Features Ceramic Tile, Wall to Wall Carpet
Living Area Units Square Feet
Stories Total 2
Construction Methods Standard Frame
Elevation Units Feet
Exterior Features Brick
Foundation Details Poured Concrete
Lot Features Alley, Corner Lot, Curbs, Paved, Sidewalk
Lot Size Square Feet 7000
Lot Size Units Square Feet
MLS Lot Size Source Realist
Number Of Units Total 4
Open Parking Spaces 4
Parking Total 4
Parking Uncovered Spaces 4
Roof Composition
Sewer Sewer Connected
Structure Type Quadruplex
Style Code 54 - 4-Plex
Units Below Grade false
Units In Building Total 4
Utilities Sewer Connected, Electricity Available
Building Area Total 3816
Country US
High School District Seattle
MLS Area Major 700 - Queen Anne/Magno
View Canal, City, See Remarks, Territorial
Waterfront no
Effective Year Built Source Public Records
Mls Status Sold
Offers Seller will review offers on Offer Review Date (may review/accept sooner)
Power Production Type Electric
Preliminary Title Ordered yes
Property Condition Good
Site Features Fenced-Partially, Patio
Year Built Effective 1969
Buyer Financing Conventional
Cap Rate 5
Electric Expense 2550
Gross Adjusted Income 94200
Gross Rent Multiplier 15.92
Gross Scheduled Income 94200
Insurance Expense 2090
Leasable Area 3816
Leasable Area Units Square Feet
Leased Items Washer/Dryer
Net Operating Income 74324
Other Expense 1000
Possession Tenant's Rights
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 14236
Tax Year 2021
Total Expenses 19876
Total Monthly Income 7850

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

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