1715 16th Avenue S

Seattle, Washington WA98144

Investor alert - Add this 4-Plex to your investment portfolio! Great investment property with room for rent increases. All units are occupied with 1 year leases in place. Units have been updated with new LVP flooring, new exterior and interior paint, new appliances, water heater and more! Close to light rail, Seattle and all public transportation. Beautiful light filled interiors, large new windows, territorial views, upper units have nice sitting decks. Plenty of parking that could be additional income, and coin laundry onsite. This is a fantastic property and it is pre-inspected!

About This Property

Listing ID2068430
SqFt 3,240
Acres 0.115
SubdivisionBeacon Hill
Year Built1978
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Beacon Hill
Year Built 1978
Building Area Units Square Feet
Flooring Ceramic Tile, Engineered Hardwood, Laminate, Carpet
Furnished Unfurnished
Interior Features Ceramic Tile, Laminate Tile, Wall to Wall Carpet
Living Area Units Square Feet
Stories Total 2
Elevation Units Feet
Exterior Features Wood
Foundation Details Slab
Lot Features Dead End Street, Paved, Sidewalk
Lot Number 3-4
Lot Size Square Feet 5000
Lot Size Units Square Feet
MLS Lot Size Source Realist
Number Of Units Total 4
Open Parking Spaces 10
Parking Total 10
Parking Uncovered Spaces 10
Roof Composition
Sewer Sewer Connected
Structure Type Quadruplex
Style Code 54 - 4-Plex
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 1100
Water Source Public
Block 8
Building Area Total 3240
Building Name Sanders Supl
Country US
High School District Seattle
MLS Area Major 385 - SODO/Beacon Hill
View Territorial
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
Amenities Coin Op Laundry
Effective Year Built Source Public Records
First Right Of Refusal no
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Production Type Electric
Preliminary Title Ordered yes
Site Features Cable TV
Year Built Effective 1988
Cap Rate 3.95
Electric Expense 75
Fuel Expense 120
Gross Adjusted Income 68820
Gross Rent Multiplier 21.79
Gross Scheduled Income 68820
Insurance Expense 2000
Leasable Area 3240
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 59312
Possession Closing, Tenant's Rights
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 6213
Tax Year 2022
Total Expenses 9508
Total Monthly Income 5805

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1715 16th Avenue S Seattle, WA 98144

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Active Listing courtesy of COMPASS
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