520 N 47th St, Seattle, WA 98103

$1,150,000
2,961
SqFt
List Price
$1,150,000
Status
PENDING
MLS#
1325539
Days on Market
18
Style
53 - Tri-plex
Finished SqFt
2,961
Lot Size (sq ft)
5,000

Property Description

-Value-Add Triplex or LR1 Rowhouse Development- Long term tenants on Month-to-month, rent increases are in place and will start Aug 1. Two garage spaces with extra storage room in each with a total of 5 parking spots. Building is made up of three large 2bed/1bath units with W/D in each unit. 5,000 sf corner lot. Seller is in a 1031 Exchange. See OM in the supplements for more information.

Additional Information

List Date
2018-07-07 00:00:00
Community
Seattle
Property Type
MULT
Units
3
Stories
2
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
1977
Total Parking
5
Uncovered Parking
3
Exterior
Metal/Vinyl, Wood Products
Roof
Composition
Site Features
['Deck', 'Fenced-Partially']
Lot Details
Corner Lot, Curbs, Paved Street, Sidewalk
School District
Seattle
Total Monthly Income
$4,770
Gross Scheduled Income
$57,240
Vacancy Rate
4
Gross Adjusted Income
$54,950
Annual Taxes
$8,013
Tax Year
2018
Insurance Expense
$1,129
W/S/G Expenses
$3,426
Total Expenses
$16,011
Net Operating Income
$38,939
Gross Rent Multiplier
20
Cap Rate
3

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
987
Unit 1 Rent
$1,525
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
987
Unit 2 Rent
$1,595
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
987
Unit 3 Rent
$1,650

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of NWMLS / The Foundation Group LLC

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