Active
$1,499,888
Price
3,240
SqFt
3,240
SqFt
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
Price$1,499,888
StatusActive
SqFt
3,240
Acres
0.115
CountyKing
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
Show Map Link
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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For more immediate assistance, please call WPI Real Estate at 206.522.8172.
1715 16th Avenue S Seattle, WA 98144
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