Active
$2,090,000
Price
4,200
SqFt
4,200
SqFt

5204 18th Avenue NE

Seattle, Washington WA98105

A rare opportunity to own a classic University District, 7 unit rental house. Cash Flow is king in this well located, well maintained, rental house, each unit has a full kitchen as well as a full bath (two bathes in the biggest unit). A lot of upgrade was done including kitchen, bath, floor, etc. in the past few years. Property ideally located just blocks from UW campus, few vacancies, current units leased thru August 2023 upside rental potential, just minutes from freeway access, U Villiage and downtown.

About This Property

Listing ID2026114
Price$2,090,000
StatusActive
SqFt 4,200
Acres 0.149
CountyKing
SubdivisionUniversity District
Year Built1910
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision University District
Year Built 1910
Building Area Units Square Feet
Flooring Hardwood, Laminate
Furnished Unfurnished
Heating Cooling Type Forced Air
Interior Features Forced Air, Hardwood, Laminate
Living Area Units Square Feet
Stories Total 2
Covered Spaces 1
Elevation Units Feet
Exterior Features Wood
Foundation Details Poured Concrete
Lot Features Corner Lot
Lot Number 19-20
Lot Size Square Feet 6480
Lot Size Units Square Feet
MLS Lot Size Source public records
Number Of Units Total 7
Parking Total 1
Roof Composition
Sewer Sewer Connected
Sewer Company Seattle Lights
Structure Type Multi Family
Style Code 55 - 5-9 Units
Units Below Grade false
Units In Building Total 7
Water Company Seatlle lights
Water Sewer Garbage 10429.3
Water Source Public
Block 2
Building Area Total 4200
Building Name University building add
Country US
Elementary School Laurelhurst
High School Roosevelt High
High School District Seattle
Middle Or Junior School Eckstein Mid
MLS Area Major 710 - North Seattle
View Territorial
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
Amenities Coin Op Laundry
Effective Year Built Source Public Records
First Right Of Refusal no
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Company Seattle lights
Power Production Type Electric
Preliminary Title Ordered yes
Property Condition Good
SOC Comments Thank you
Year Built Effective 1989
Cap Rate 4.31
Electric Expense 1490.2
Fuel Expense 5718.2
Gross Rent Multiplier 15.37
Gross Scheduled Income 135960
Insurance Expense 7672
Leasable Area 4200
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 90169
Other Expense 3000
Possession Closing
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 17481
Tax Year 2022
Total Expenses 45790.7
Total Monthly Income 1200

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5204 18th Avenue NE Seattle, WA 98105

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