Active
$4,300,000
Price
5,333
SqFt
5,333
SqFt

4709 8th Avenue NE  B

Seattle, Washington WA98105

Three standalone rooming houses offer an incredible investment opportunity in the University District, just blocks from University of Washington and one of the newest Link Light Rail stations in the city. UW is home to 40,000+ students offering an endless rental pool! Each home has 8 bedrooms with 2.5+ baths and a laundry area. Spacious common area. Rooms can be rented separately or together. Recently built means low cost to own. Central location with easy access- walk score 94.Across from University Playground, minutes to restaurants, Trader Joes, Safeway, movie theater, public library, and University District Farmer's Market.

About This Property

Listing ID1924488
Price$4,300,000
StatusActive
SqFt 5,333
Acres 0.098
CountyKing
SubdivisionUniversity District
Year Built2018
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision University District
Year Built 2018
Building Area Units Square Feet
Flooring Laminate
Furnished Unfurnished
Heating Cooling Type Wall
Interior Features Laminate Hardwood
Living Area Units Square Feet
Stories Total 3
Elevation Units Feet
Exterior Features Cement Planked, Wood Products
Foundation Details Poured Concrete
Lot Features Curbs, Paved, Sidewalk
Lot Number A, B, C
Lot Size Square Feet 4282
Lot Size Units Square Feet
MLS Lot Size Source tax records 3 Parcels
Number Of Units Total 3
Roof Composition
Sewer Sewer Connected
Sewer Company Seattle Public Utility
Structure Type Triplex
Style Code 53 - Tri-plex
Units Below Grade false
Units In Building Total 3
Utilities High Speed Internet, Sewer Connected, Electricity Available
Water Company Seattle Public Utility
Water Source Public
Building Area Total 5333
Country US
Elementary School Green Lake
High School Lincoln High
High School District Seattle
Middle Or Junior School Hamilton Mid
MLS Area Major 710 - North Seattle
View Territorial
Waterfront no
Zoning Jurisdiction City
Mls Status Active
Offers Seller intends to review offers upon receipt
Power Company Seattle City Light
Power Production Type Electric
Preliminary Title Ordered yes
Property Condition Very Good
Site Features High Speed Internet
Cap Rate 5.33
Gross Adjusted Income 240000
Gross Rent Multiplier 17.91
Gross Scheduled Income 240000
Insurance Expense 1800
Leasable Area 5333
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 229226
Other Expense 1200
Possession Closing, Tenant's Rights
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 7774
Tax Year 2021
Total Expenses 10774
Total Monthly Income 20000

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4709 8th Avenue NE #B Seattle, WA 98105

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The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by WPI Real Estate Services, Inc. (7101) and should be verified by the buyer. © 2022 NWMLS. All rights reserved. Data last updated: Saturday, May 28th, 2022 09:06:57 AM.
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