2608 S Lane Street

Seattle, Washington WA98144

A True turn key 7 unit apartment near Leschi. Property was completely renovated down to the studs in 2018 with all brand new systems of copper plumbing, new electrical, new roof, new windows and new siding. Each unit has luxury vinyl planking, new cabinets, stainless steel appliances and quartz counter tops. Top units have a deck and there is a back yard for pets. Plenty of street parking and within walking distance to the I-90 Light rail station. Also close is up and coming Jackson Street that has numerous restaurants, retail and other amenities. Rents are based off renewals. Please reach out to Listing Agent for Marketing Materials.

About This Property

Listing ID2042739
SqFt 4,429
Acres 0.096
Year Built1910
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Leschi
Year Built 1910
Building Area Units Square Feet
Flooring Laminate
Furnished Unfurnished
Interior Features Laminate Hardwood
Living Area Units Square Feet
Stories Total 2
Elevation Units Feet
Exterior Features Metal/Vinyl, Wood
Foundation Details Poured Concrete
Lot Features Curbs, Paved, Sidewalk
Lot Size Dimensions 4200
Lot Size Square Feet 4200
Lot Size Units Square Feet
MLS Lot Size Source King County Parcel Viewer
Number Of Units Total 7
Roof Torch Down
Sewer Sewer Connected
Sewer Company SPU
Structure Type Multi Family
Style Code 55 - 5-9 Units
Units Below Grade false
Units In Building Total 7
Water Company SPU
Water Sewer Garbage 10152
Building Area Total 4429
Country US
High School District Seattle
MLS Area Major 390 - Central Seattle
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
Effective Year Built Source Public Records
First Right Of Refusal no
Mls Status Pending
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Company PSE
Power Production Type Electric
Preliminary Title Ordered yes
Property Condition Very Good
Site Features Deck, Fenced-Fully
SOC Comments 2%
Year Built Effective 2018
Cap Rate 5.1
Gross Adjusted Income 170478
Gross Rent Multiplier 19.7
Gross Scheduled Income 162360
Insurance Expense 3457
Leasable Area 4429
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 118881
Other Expense 21936
Possession Closing
Sale Type MLS
Seller Disclosure Not Provided
Special Listing Conditions None
Tax Annual Amount 16052
Tax Year 2023
Total Expenses 51597
Total Monthly Income 14617
Vacancy Rate 3

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2608 S Lane Street Seattle, WA 98144

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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 Kidder Mathews
Pending Listing courtesy of Kidder Mathews
Data services provided by IDX Broker