Property Details

MLS #
1154490
Beds
32
Annual Operating Expense
49,766.40
SqFt
13,040
Baths
16
Building Type
4Plex
Price
$1,995,000
Cap Rate
6.19
Gross Annual Income
169140
Gross Rent Multiplier
11.17
Monthly Rent Income
Request
Neighborhood
South Hill / Sunrise Village
Net Operating Income
123,611
Number Of Units
16
# Parking Spaces
32
Stories
2
Unit 1 (Bed/Bath, Rent)
Request
Unit 2 (Bed/Bath, Rent)
Request
Unit 3 (Bed/Bath, Rent)
Request
Unit 4 (Bed/Bath, Rent)
Request
Year Built
1979

Listing Description

(4) Fourplexes on separate parcels sold together. Market Cap Rate: 7.6%. Each Building is 3260 sq ft. with coin-op laundry room, storage structures, and 4 covered parking spaces; units are all 770 sq ft, 2bed / 1bath. Combined, these properties sit on 3.5 acres zoned (UV) Urban Village which may allow the development of up to 104 units! This is a solid turn-key investment property that presents huge opportunity. Located just off Meridian E & primed for substantial return due to its strategic location.

Listing Location

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9806-10002 158th St E

MLS # 1154490   $1,995,000

Listing by

Sound Property Group

Keller Williams Seattle Metro

 

Ph: 2069316036

5446 California Ave. SW, Seattle, WA 98136

Broker
Charles Burnett
(206) 931-6036