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
Show Map Link
yes
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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