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
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
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
Show Map Link
yes
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
3455 23rd Avenue W #1-4 Seattle, WA 98199
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#IDX-detailsSplash,#IDX-primaryPhoto,#idx-details-headerClosed
Closed Listing courtesy of John L. Scott, Inc.
Listing sold by Lake & Company
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Closed Listing courtesy of John L. Scott, Inc.
Listing sold by Lake & Company
#IDX-detailsHeaderClosed
Closed Listing courtesy of John L. Scott, Inc.
Listing sold by Lake & Company