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.
Listing ID2042739
Price$2,350,000
StatusPending
SqFt
4,429
Acres
0.096
CountyKing
SubdivisionLeschi
Year Built1910
Property TypeResidential Income
Property Sub TypeMulti-Family
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
Show Map Link
yes
Site Features
Deck, Fenced-Fully
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
2608 S Lane Street Seattle, WA 98144
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.
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Pending Listing courtesy of Kidder Mathews
Listing sold by
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Pending Listing courtesy of Kidder Mathews
Listing sold by