1308 N 38th St, Seattle, WA 98103

$2,950,950
5,451
SqFt
List Price
$2,950,950
Status
ACTIVE
MLS#
1385462
Days on Market
32
Style
55 - 5-9 Units
Building Condition
['Restored']
Finished SqFt
5,451
Lot Size (sq ft)
2,158

Property Description

Gracious and elegant 6-unit in the heart of Fremont with panoramic views of Lake Union, Mount Rainier, and City Lights from 2-story Penthouse. Perfect for either owner or investor. Three spacious 1-bdrm units, One 2-bdrm, 4-bdrm Penthouse, & studio. Terracotta tile throughout all hallways & units- stylish, yet durable no maintenance flooring. The building has been well preserved from the siding, to interior and exterior paint, including elec & plumbrepairs. W/D in units, on site manager.

Additional Information

List Date
2018-11-17 00:00:00
Community
Fremont
Property Type
MULT
Units
6
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1909
Total Parking
1
Uncovered Parking
1
View
City, Lake, Mountain
Exterior
Wood
Roof
Torch Down
Site Features
Cable TV, Deck, Fenced-Partially, Gas Available, Patio, Sprinkler System
Lot Details
Alley, Curbs, Paved Street, Sidewalk
School District
Seattle
Elementary School
Bf Day
Middle School
Hamilton Mid
High School
Roosevelt High
Total Monthly Income
$10,973
Gross Scheduled Income
$132,000
Gross Adjusted Income
$30,300
Annual Taxes
$15,058
Tax Year
2018
Insurance Expense
$3,900
W/S/G Expenses
$11,400
Net Operating Income
$101,700
Gross Rent Multiplier
22
Cap Rate
3

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
700
Unit 1 Rent
$1,661
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
700
Unit 2 Rent
$1,448
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
700
Unit 3 Rent
$1,695
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
850
Unit 4 Rent
$1,640
Unit 5 Beds
4
Unit 5 Baths
2.00
Unit 5 Size
1700
Unit 5 Rent
$3,764
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
500
Unit 6 Rent
$500

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

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

Listing courtesy of NWMLS / Windermere Real Estate Co.

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