Pending
$4,050,000
Price
12,664
SqFt
12,664
SqFt
3435 Burke Avenue N
Seattle, Washington WA98103
Wallingford 9 unit with Lake Union, City & Mtn views, 5 spacious 2bd 2+ bth units, One 3bed 2.5 Bath suite & three 1 bedroom top floor view units, Washer & Dryers in each unit, Solid Well Built 1990's building with 10 underground parking spots, Fire protected building with alarm & sprinkler system, Lots of upside rent increase potential w/utility charge back ,garage parking charges , Easy walk to Restaurant's, Coffee & gas works park for quality tenants, Nice cap rate for a great location building ! All new hot water tanks in 22, New Luxury Vinyl in all units for easy care, Very easy building to self manage. Always 100 % occupied !! 4 units with undermarket rents & no charge yet on garage parking.
About This Property
Listing ID2037076
Price$4,050,000
StatusPending
SqFt
12,664
Acres
0.157
CountyKing
SubdivisionWallingford
Year Built1989
Property TypeResidential Income
Property Sub TypeMulti-Family
County
King
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
Wallingford
Year Built
1989
Building Area Units
Square Feet
Flooring
Vinyl, Vinyl Plank, Carpet
Furnished
Unfurnished
Interior Features
Forced Air, Wall to Wall Carpet
Living Area Units
Square Feet
Stories Total
4
Covered Spaces
10
Elevation Units
Feet
Exterior Features
Metal/Vinyl, Stucco, Wood
Foundation Details
Poured Concrete, Slab
Lot Features
Curbs, Dead End Street, High Voltage Line, Sidewalk
Lot Number
1
Lot Size Square Feet
6840
Lot Size Units
Square Feet
MLS Lot Size Source
KCR
Number Of Units Total
9
Parking Total
10
Roof
Composition
Sewer
Sewer Connected
Sewer Company
Seattle
Structure Type
Multi Family
Style Code
55 - 5-9 Units
Units Below Grade
false
Units In Building Total
9
Water Company
Seattle
Water Sewer Garbage
13800
Water Source
Public
Block
68
Building Area Total
12664
Country
US
High School
Lincoln High
High School District
Seattle
Middle Or Junior School
Hamilton Mid
MLS Area Major
705 - Ballard/Greenlak
View
City, Lake, Mountain(s), Territorial
Waterfront
no
Zoning Class
Multi-Family
Zoning Jurisdiction
City
Amenities
Fire Sprinklers,Storage,Thermal Windows
First Right Of Refusal
no
Green Energy Efficient
Thermal Windows
Mls Status
Pending Inspection
Offers
Seller intends to review offers upon receipt
Possible Use
Multi-Family
Power Company
Seattle
Power Production Type
Electric
Preliminary Title Ordered
yes
Property Condition
Good
Show Map Link
yes
Site Features
Fenced-Partially, Gas Available
Cap Rate
4.79
Electric Expense
510
Gross Adjusted Income
258708
Gross Rent Multiplier
16.79
Gross Scheduled Income
241140
Insurance Expense
4557
Leasable Area
12000
Leasable Area Units
Square Feet
Leased Items
None
Net Operating Income
194200
Other Expense
15424
Possession
Closing
Sale Type
MLS
Seller Disclosure
Provided
Special Listing Conditions
None
Tax Annual Amount
30217
Tax Year
2022
Total Expenses
64508
Total Monthly Income
21559
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3435 Burke Avenue N Seattle, WA 98103
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