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
SqFt 12,664
Acres 0.157
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
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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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: Sunday, March 26th, 2023 07:14:44 AM.
Pending Listing courtesy of Windermere Real Estate Co.
Pending Listing courtesy of Windermere Real Estate Co.
Data services provided by IDX Broker