Pending
$1,600,000
Price
3,888
SqFt
3,888
SqFt

5208 18th Avenue NE

Seattle, Washington WA98105

Beautiful Clinker Craftsman is giant UW Duplex + guest quarters. Market rents $10,600/m, 5 yr $rent info avail. *Sweet Seller Terms* 25% Down, 5.50% Interest Only for 10 yrs, large pre pay penalty 1st 5 yrs / zero pre pay pen 2nd 5 yrs, seeking win win 5-10+ year banking relationship. Rare find fine home cash flow, architectural aficionados delight: projecting pergola, dual stairs porch, big bays & box beams, heavy moldings & much more. Apt A 8-BR (Main & 2nd flr) 1st time vacant in 20 yrs so please preview, renovations just completed. Apt B 1140 sqft 2-BR w/ 9 ft ceilings, easy to frame in 12th BR. Studio Apt C added 2005. B & C leased Aug 31st. Ask your broker for info flyer & please visit vacant leaded glass 8-BR, this one really sings!

About This Property

Listing ID2024174
Price$1,600,000
StatusPending
SqFt 3,888
Acres 0.099
CountyKing
SubdivisionUniversity District
Year Built1912
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision University District
Year Built 1912
Building Area Units Square Feet
Flooring Ceramic Tile, Hardwood, Carpet
Furnished Unfurnished
Heating Cooling Type Forced Air
Interior Features Forced Air, Ceramic Tile, Hardwood, Wall to Wall Carpet
Living Area Units Square Feet
Stories Total 4
Carport Spaces 2
Elevation Units Feet
Exterior Features Wood
Foundation Details Poured Concrete
Lot Features Alley, Curbs, Paved, Sidewalk
Lot Size Dimensions 40 x 108
Lot Size Square Feet 4320
Lot Size Units Square Feet
MLS Lot Size Source Realist
Number Of Units Total 3
Open Parking Spaces 2
Parking Features RV Parking
Parking Total 4
Parking Uncovered Spaces 2
Roof Composition
Sewer Sewer Connected
Sewer Company Seattle
Structure Type Triplex
Style Code 53 - Tri-plex
Units Below Grade true
Units In Building Total 3
Water Company Seattle
Water Source Public
Building Area Total 3888
Building Name University Park
Country US
High School District Seattle
MLS Area Major 710 - North Seattle
View Mountain(s), Territorial
Waterfront no
Zoning Jurisdiction City
Amenities Basement,See Remarks,Storage
Effective Year Built Source Public Records
First Right Of Refusal no
Mls Status Pending Inspection
Offers Seller intends to review offers upon receipt
Power Company Seattle
Power Production Type Natural Gas
Preliminary Title Ordered yes
Property Condition Very Good
Site Features Fenced-Partially, Gas Available, High Speed Internet, RV Parking
Year Built Effective 1912
Cap Rate 6.5
Gross Adjusted Income 115800
Gross Rent Multiplier 13.8
Gross Scheduled Income 115800
Insurance Expense 1608
Leasable Area 3860
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 103440
Possession Closing, Tenant's Rights
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 10752
Tax Year 2022
Total Expenses 12360
Total Monthly Income 2550

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5208 18th Avenue NE 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. © 2023 NWMLS. All rights reserved. Data last updated: Monday, February 6th, 2023 05:53:14 PM.
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Pending Listing courtesy of Windermere Real Estate Co.
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