Active
$2,250,000
Price
4,590
SqFt
4,590
SqFt

9265 57th Avenue S

Seattle, Washington WA98118

Great investment opportunity in Rainier Beach with stunning Lake Washington views! This 4590sf cash flowing 7-unit building with laundry has up to 10 parking spaces and sits on a .11 acre lot. Currently Zoned NC155(M). Units: Four 2-bed/1-bath and Three -1 bed/1 bath, all rented. Location can't be beat - Close to Parkshore Marina, restaurants and cafes, retail, schools, parks and public transit. Countless options with this prime location: 1. Enhancing the aesthetics of the building & increase rents 2. Large open space behind property perfect for future development / redevelopment 3. Continue to maintain the property as-is and collect consistent income.

About This Property

Listing ID1997076
Price$2,250,000
StatusActive
SqFt 4,590
Acres 0.109
CountyKing
SubdivisionRainier Beach
Year Built1923
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Rainier Beach
Year Built 1923
Building Area Units Square Feet
Flooring Laminate, Carpet
Furnished Unfurnished
Heating Cooling Type Baseboard
Interior Features Wall to Wall Carpet, Laminate
Living Area Units Square Feet
Stories Total 2
Elevation Units Feet
Exterior Features Brick, Metal/Vinyl, Wood
Lot Features Paved, Sidewalk
Lot Size Square Feet 4725
Lot Size Units Square Feet
MLS Lot Size Source Realist
Number Of Units Total 7
Open Parking Spaces 10
Parking Total 10
Parking Uncovered Spaces 10
Roof Torch Down
Sewer Sewer Connected
Sewer Company PSE
Structure Type Multi Family
Style Code 55 - 5-9 Units
Units Below Grade false
Units In Building Total 7
Utilities Sewer Connected, Electricity Available
Water Company SPU
Water Sewer Garbage 13000
Water Source Public
Building Area Total 4590
Country US
Elementary School Buyer To Verify
High School Buyer To Verify
High School District Seattle
Middle Or Junior School Buyer To Verify
MLS Area Major 380 - Southeast Seattle
View Lake, Territorial
Waterfront no
Zoning Class Commercial,Multi-Family,Residential,See Remarks
Zoning Jurisdiction City
Amenities Coin Op Laundry,Storage
Effective Year Built Source Public Records
First Right Of Refusal no
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Commercial, Multi-Family, Residential, See Remarks
Power Company PSE
Power Production Type Electric
Preliminary Title Ordered yes
Property Condition Average
Year Built Effective 1984
Cap Rate 5.03
Gross Adjusted Income 140316
Gross Rent Multiplier 16.03
Gross Scheduled Income 140316
Insurance Expense 3309
Leasable Area 4590
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 113234
Possession Closing, Tenant's Rights
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 10773
Tax Year 2022
Total Expenses 27082
Total Monthly Income 140316

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9265 57th Avenue S Seattle, WA 98118

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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: Tuesday, October 4th, 2022 06:28:08 PM.
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