Seattle,
Washington WA98103
Welcome to this updated Victorian triplex located in the sought-after Greenlake neighborhood. This property features 3 updated units, each offering a unique layout and modern amenities, including in-unit washers/dryers. With a cap rate of 5.65%, this is a perfect turnkey investment as all units are fully updated, including electrical and plumbing, with all improvements fully permitted. New roof installed in 2017 and new water main in 2016. All utilities are paid by tenants. Off-street parking for 2 vehicles plus stacked driveway parking for 4-6. Easy access to Highway 99, I-5 and within walking distance to Greenlake and its abundance of shops, restaurants, and recreational activities. With LR1 zoning, future redevelopment is possible.
Listing ID2063484
Price$1,860,000
StatusActive
SqFt
5,076
Acres
0.177
CountyKing
SubdivisionGreen Lake
Year Built1900
Property TypeResidential Income
Property Sub TypeMulti-Family
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
Green Lake
Year Built
1900
Building Area Units
Square Feet
Flooring
Ceramic Tile, Laminate, Carpet
Furnished
Unfurnished
Interior Features
Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
Living Area Units
Square Feet
Stories Total
3
Covered Spaces
1
Elevation Units
Feet
Exterior Features
Wood
Foundation Details
Slab
Lot Features
Curbs, Paved, Sidewalk
Lot Size Square Feet
7688
Lot Size Units
Square Feet
MLS Lot Size Source
Public Records
Number Of Units Total
3
Open Parking Spaces
6
Parking Features
RV Parking
Parking Total
7
Parking Uncovered Spaces
6
Roof
Composition
Sewer
Sewer Connected
Sewer Company
SPU
Structure Type
Triplex
Style Code
53 - Tri-plex
Units Below Grade
true
Units In Building Total
3
Water Company
SPU
Water Source
Public
Building Area Total
5076
Country
US
Elementary School
Buyer To Verify
High School
Buyer To Verify
High School District
Seattle
Middle Or Junior School
Buyer To Verify
MLS Area Major
_705BallardGreenlake
Waterfront
no
Zoning Class
Multi-Family
Zoning Jurisdiction
City
Amenities
Fire Sprinklers,Thermal Windows
Effective Year Built Source
Public Records
First Right Of Refusal
no
Green Energy Efficient
Thermal Windows
Mls Status
Active
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
Good
Show Map Link
yes
Site Features
Deck, Gas Available, Patio, RV Parking
Year Built Effective
1900
Cap Rate
5.65
Gross Adjusted Income
93070
Gross Rent Multiplier
15.3
Gross Scheduled Income
121800
Insurance Expense
2200
Leasable Area
5076
Leasable Area Units
Square Feet
Leased Items
None
Net Operating Income
93070
Other Expense
4197
Possession
Closing
Sale Type
MLS
Seller Disclosure
Provided
Special Listing Conditions
None
Tax Annual Amount
10333
Tax Year
2022
Total Expenses
16730
Total Monthly Income
10150
8844 Interlake Avenue N Seattle, WA 98103
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: Thursday, June 1st, 2023 10:36:24 PM.
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