4337 Phinney Avenue N

Seattle, Washington WA98103

LOCATION, LOCATION for investors 6-PLEX with a Beautiful View in Phinney Ridge. Huge upside to increase rents & CAP Rate & low expenses for this property. UPGRADES include: Roof, windows, electrical, plumbing, interior, Kitchen Cabinets & exterior paint. Hard to find like properties like this that is Meticulously maintained! First sale in over 25 years & great tenants. Great Seattle neighborhood near Lake Washington, University of Washington, major universities, short walking distance to many restaurants, shopping and freeways. Coin laundry in the building in lower level for extra income. Long-term tenants they pay some sewer & garbage monthly charge & their lease payments. MUST MAKE APPOINTMENT TO WALK PROPERTY! More pictures to come soon.

About This Property

Listing ID1969423
SqFt 2,948
Acres 0.115
SubdivisionPhinney Ridge
Year Built1906
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Phinney Ridge
Year Built 1906
Building Area Units Square Feet
Flooring Ceramic Tile, Hardwood, Laminate, Vinyl Plank, Carpet
Furnished Unfurnished
Heating Cooling Type Insert, Wall
Interior Features Ceramic Tile, Hardwood, Wall to Wall Carpet, Laminate
Living Area Units Square Feet
Stories Total 2
Elevation Units Feet
Exterior Features Wood, Wood Products
Foundation Details Poured Concrete
Lot Features Paved, Sidewalk
Lot Size Square Feet 5000
Lot Size Units Square Feet
MLS Lot Size Source Public Record
Number Of Units Total 6
Roof Composition
Sewer Sewer Connected
Sewer Company City of Seattle
Structure Type Multi Family
Style Code 55 - 5-9 Units
Units Below Grade false
Units In Building Total 6
Utilities Natural Gas Available, Sewer Connected, Electricity Available, Natural Gas Connected
Water Company City of Seattle
Water Sewer Garbage 1800
Water Source See Remarks
Building Area Total 2948
Country US
High School District Seattle
MLS Area Major 705 - Ballard/Greenlak
View Canal, Mountain(s), Partial, Territorial
Waterfront no
Zoning Class Multi-Family,Residential
Amenities Basement,Coin Op Laundry,Storage,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, Residential
Power Company Seattle City Light
Power Production Type Electric, Natural Gas
Preliminary Title Ordered yes
Property Condition Very Good
Site Features Deck, Fenced-Partially, Gas Available, Patio
Year Built Effective 1989
Cap Rate 4.42
Gross Adjusted Income 114600
Gross Rent Multiplier 18.55
Gross Scheduled Income 114600
Insurance Expense 4643
Leasable Area 2948
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 93947
Other Expense 1160
Possession Closing
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 14400
Tax Year 2022
Total Expenses 22003
Total Monthly Income 9100

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4337 Phinney Avenue N Seattle, WA 98103

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Active Listing courtesy of Realty One Group Enterprise
Active Listing courtesy of Realty One Group Enterprise
Active Listing courtesy of Realty One Group Enterprise
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