5055 8th Ave NE

    Seattle, WA 98105
    • $925,000
    • STATUS: Pending
    • ON SITE: 28 days
    • ID#: 1314458
    Under Contract
    $925,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,460
      SQFT
    • $376
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1908
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Kelly Right Re Of Seattle Llc.

    Description

    Rare turnkey triplex with upside potential. 5.2% cap rate & rents below market! Off-alley parking for 3+ cars & garage currently rents for extra income. New sewer w/30 yr warranty. Shared laundry. Lower units nicely updated w/reliable, long-term, M2M tenants who are happy to stay. Upper unit new paint & floors in 2015, lease ends Aug 31. No vacancies entire ownership. Excellent location w/fwy access & all conveniences of U-District, Greenlake, Ravenna, & Wallingford. Blocks to new light rail.

    Monthly Payment Calculator

    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 Real Estate Solutions Group - NWRE LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-07-19T00:18:10.897.

    www.resg.com/homes/84850419

    5055 8th Ave NE Seattle, WA 98105

    • Price: $925,000
    • Status: Pending
    • ID#: 1314458
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    2,460
    SQFT
    $376
    $/SQFT
    1908
    Built
    Neighborhood:
    University District
    County:
    King
    Area:
    N.Seattle/UW/Wedgewood/V.Ridge/Lk Cty
    School District:
    Seattle
    Property Description
    Rare turnkey triplex with upside potential. 5.2% cap rate & rents below market! Off-alley parking for 3+ cars & garage currently rents for extra income. New sewer w/30 yr warranty. Shared laundry. Lower units nicely updated w/reliable, long-term, M2M tenants who are happy to stay. Upper unit new paint & floors in 2015, lease ends Aug 31. No vacancies entire ownership. Excellent location w/fwy access & all conveniences of U-District, Greenlake, Ravenna, & Wallingford. Blocks to new light rail.
    Exterior Features

    Building Condition Good Carport Spaces 0 Exterior Metal/VinylWood Foundation Poured Concrete Garage Spaces 1 Lot Details AlleyCurbsPaved StreetSidewalk Roof Composition Stories In Building 1 Style 53 - Tri-plex Total Parking Spaces 4 Uncovered Spaces 3

    Interior Features

    Floor Covering HardwoodVinylWall to Wall Carpet Heating And Cooling Forced Air Unit1 Bathrooms 1.00 Unit1 Bedrooms 3 Unit1 Dishwasher Y Unit1 Fireplaces 1 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 1280 Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 730 Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven N Unit3 Refrigerator Y Unit3 Sq Ft 450 Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Fireplaces 0 Unit4 Sq Ft 0 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 Y

    Property Features

    Amenities StorageSee Remarks Bank Owned No Cap Rate 5.20 Electrical Expenses 1440 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Provided General Zoning Classification Residential Gross Adjusted Income 48284 Gross Rent Multiplier 17 Gross Scheduled Income 54300 Heating Expenses 720 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1156 Leased Items None Lot Number 32 Net Operating Income 48284 New Construction YN No Other Expenses 0 Possession ClosingSub. Tenant's Rights Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Site Features Cable TVGas AvailableHigh Speed InternetOutbuildings Tax Amount 6958 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 6016 Total Expenses TEX 6016 Total Monthly Income 4525 Unit1 Monthly Rent 2150 Unit2 Monthly Rent 1250 Unit3 Monthly Rent 1000 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 0 Water Sewer Garbage 2700 Water Source Public

    Listing information © 2018 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 Real Estate Solutions Group - NWRE LLC 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 Real Estate Solutions Group - NWRE LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-07-19T00:18:10.897.

     
    Real Estate Solutions Group - NWRE LLC
    1027 State Ave, Suite 102
    Marysville WA, 98270
    Listing Courtesy of Kelly Right Re Of Seattle Llc.