4725 38th Ave S

    Seattle, WA 98118
    • $1,650,000
    • STATUS: Active
    • ON SITE: 45 days
    • ID#: 1418640
    UPDATED: 12 min ago
    $1,650,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,805
      SQFT
    • $434
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Compass Washington.

    Description

    Come invest in one of Seattle's hippest locales at this Columbia City 4plex. Unique opportunity w potential rental upside w spacious units. 2 - 3 Bedroom/1.5 Bath units and 2- 2 Bedroom/1 Bath units. Long term owner. Updated roof & interior improvements as well. Walk to Light Rail Station for access to Downtown. Many neighborhoods amenities: PCC, El Sombrero, Pagliacci's, Starbucks, Island Soul & many more shops & restaurants within blocks. Zoned NC2-40 and proposed to NC2-55 after MHA.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-22T12:15:05.767.

    www.kimberlygartlandgroup.com/homes/92464163

    4725 38th Ave S Seattle, WA 98118

    • Price: $1,650,000
    • Status: Active
    • Updated: 12 min ago
    • ID#: 1418640
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    3,805
    SQFT
    $434
    $/SQFT
    1968
    Built
    Neighborhood:
    Columbia City
    County:
    King
    Area:
    Central Seattle/Genesee/Columbia Cty
    Elementary School:
    Orca (Columbia)
    Middle School:
    Mercer Mid
    High School:
    Franklin High
    School District:
    Seattle
    Property Description
    Come invest in one of Seattle's hippest locales at this Columbia City 4plex. Unique opportunity w potential rental upside w spacious units. 2 - 3 Bedroom/1.5 Bath units and 2- 2 Bedroom/1 Bath units. Long term owner. Updated roof & interior improvements as well. Walk to Light Rail Station for access to Downtown. Many neighborhoods amenities: PCC, El Sombrero, Pagliacci's, Starbucks, Island Soul & many more shops & restaurants within blocks. Zoned NC2-40 and proposed to NC2-55 after MHA.
    Exterior Features

    Building Condition Good Carport Spaces 0 Exterior WoodWood Products Foundation Poured Concrete Garage Spaces 0 Lot Details Paved Street Roof Composition Stories In Building 2 Style 54 - 4-Plex Total Parking Spaces 3 Uncovered Spaces 3 View Territorial

    Interior Features

    Floor Covering Laminate HardwoodLaminate TileVinylWall to Wall Carpet Heating And Cooling Wall Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 0 Unit1 Washer Dryer N Unit2 Bathrooms 1.50 Unit2 Bedrooms 3 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 0 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 0 Unit3 Washer Dryer N Unit4 Bathrooms 1.50 Unit4 Bedrooms 3 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 0 Unit4 Washer Dryer N Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 4.11 Electrical Expenses 240 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 89279 Gross Rent Multiplier 18 Gross Scheduled Income 92040 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3800 Leased Items None Net Operating Income 67868 New Construction YN No Other Expenses 3935 Possession ClosingSub. Tenant's Rights Power Company Seattle City Light Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Seattle Site Features DeckFenced-Partially Tax Amount 5936 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 21411 Total Expenses TEX 21411 Total Monthly Income 7670 Unit1 Monthly Rent 1600 Unit2 Monthly Rent 2220 Unit3 Monthly Rent 1600 Unit4 Monthly Rent 2250 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 3 Water Company City Of Seattle Water Sewer Garbage 7500 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Kimberly Gartland Group - Keller Williams Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-22T12:15:05.767.

     
    Kimberly Gartland Group - Keller Williams Realty
    5263 Olympic Drive NW, Suite B
    Gig Harbor WA, 98335
    Listing Courtesy of Compass Washington.