Currently viewing 1 of 30
For more information on this property, contact WPI Real Estate at 206.522.8172 or info@wpirealestate.com

1715 16th Avenue S
Seattle, Washington WA 98144
Sold For: $1,175,000
Listing ID 2068430
Status Closed
Sold Date 9/15/2023
SqFt 3,240
Acres 0.115
Subdivision Beacon Hill
Year Built 1978

Property Description:

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!

Primary Features

County: King
Price Before Reduction: 1499888
Price Reduction Date: 2023-07-14T16:43:38+00:00
Property Sub Type: Multi-Family
Property Type: Residential Income
Subdivision: Beacon Hill
Year Built: 1978

Interior

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

External

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

Location

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

Additional

Amenities: Coin Op Laundry
Effective Year Built Source: Public Records
First Right Of Refusal: no
Mls Status: Sold
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

Financial

Buyer Financing: Conventional
Cap Rate: 4.24
Electric Expense: 75
Fuel Expense: 120
Gross Adjusted Income: 68820
Gross Rent Multiplier: 20.27
Gross Scheduled Income: 68820
Insurance Expense: 2000
Leasable Area: 3240
Leasable Area Units: Square Feet
Leased Items: None
Net Operating Income: 59230
Possession: Closing, Tenant's Rights
Sale Type: MLS
Seller Disclosure: Provided
Special Listing Conditions: None
Tax Annual Amount: 6295
Tax Year: 2023
Total Expenses: 9590
Total Monthly Income: 5805

Zoning Info


Area Info


Based on information submitted to the MLS GRID as of Saturday, March 23rd, 2024 10:36:18 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Schedule a Showing - Listing ID 2068430

Please enter your preferences in the form. We will contact you in order to schedule an appointment to view this property. For more immediate assistance, please call WPI Real Estate at 206.522.8172.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Data services provided by IDX Broker
{"page":"listing","idxID":"b045","listingID":"2068430","extra":"1715-16th-Avenue-S-Seattle-WA-98144","printable":"","type":"scheduleshowing"}
https://wpirealestate.com
details.php
https://search.wpirealestate.com
details