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5234 University Wy NE, Seattle, WA 98105 (MLS # 1345985)

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Listing provided by RE/MAX Metro Realty, Inc.

PRICE $4,900,000
BEDS 3
BATHS 7 baths
HOME SIZE 13,873 sq ft
LOT SIZE 4,650 sqft

Income producing property with 17 residential and 2 commercial units. Potential abounds with NC3P65 zoning in the rezoned University district of Seattle. Continue to get rents while permitting, or do a value add remodel using IRS 481(a) adjustment cost segregation of this classic 1928 period building. Potential to rebuild to 7-story, 40 unit building. Current rent rolls available upon request. Buyers to verify all investment potential to their satisfaction. Coin-Op laundry onsite.

DAYS ON MARKET 161 LAST UPDATED 8/14/2018
YEAR BUILT 1928 COMMUNITY University District
COUNTY King STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
School District Seattle


ADDITIONAL DETAILS
AMENITIES Coin Op Laundry, Thermal Windows
ANNUAL TAXES 38783
APN 8816400645
AREA 710 - North Seattle
BANK/REO OWNED N
BATHROOMS1 1.00, 1.00
BATHROOMS2 2.00, 2.00
BATHROOMS3 1.00, 1.00
BATHROOMS4 1.00, 1.00
BATHROOMS5 1.00, 1.00
BATHROOMS6 1.00, 1.00
BEDROOMS1 0
BEDROOMS2 0
BEDROOMS3 0
BEDROOMS4 1
BEDROOMS5 2
BEDROOMS6 0
CAP RATE (NOI / LP) 2.00
ELECRICAL EXPENSES 1497
ENERGY SOURCE Electric
EXTERIOR Brick
FLOOR COVERING Hardwood, Vinyl, Wall to Wall Carpet
FORM 17 Provided
GENERAL ZONING Commercial, Industrial, Retail
GROSS ADJUSTED INCOME 228601
GROSS RENT MULTIPLIER 24
GROSS SCHEDULED INCOME 240633
HEATING AND COOLING Radiator
HEATING EXPENSES 11758
HOME OWNER DUES 0
INSURANCE EXPENSES 14520
LEASED ITEMS None
LOT 27-28
LOT DETAILS Paved Street, Sidewalk
NET OPERATING INCOME 95243
OFFERS Reviewed on receipt
OTHER EXPENSES 20955
POSSESION Closing
POTENTIAL TERMS Cash Out, Conventional
PROPERTY TYPE MULT
RANGE/OVEN3 Y
RANGE/OVEN4 Y
RANGE/OVEN5 Y
RANGE/OVEN6 Y
REFRIGERATOR3 Y
REFRIGERATOR4 Y
REFRIGERATOR5 Y
REFRIGERATOR6 Y
ROOF Flat
SEWER Sewer Connected
SITE FEATURES Cable TV, High Speed Internet
SQUARE FEET UNIT 1 880
SQUARE FEET UNIT 2 880
SQUARE FEET UNIT 3 250
SQUARE FEET UNIT 4 0
SQUARE FEET UNIT 5 0
SQUARE FEET UNIT 6 300
STYLE 56 - 10+ Units
TAX YEAR 2018
TOTAL EXPENSES 95243
TOTAL MONTHLY INCOME 20053
TOTAL NUMBER OF PARKING SPACES 0
UNITS BELOW GRADE N
VACANCY RATE 5
WASHER/DRYER3 N
WASHER/DRYER4 N
WASHER/DRYER5 N
WASHER/DRYER6 N
WATER SOURCE Public
Listing provided by RE/MAX Metro Realty, Inc.

Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2019 NWMLS. All rights are reserved.
Disclaimer: The information contained in this listing has not been verified by Team Reba of RE/MAX Metro Realty and should be verified by the buyer.
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ZESTIMATE
$4987438  5234 University Wy NE, Seattle, WA

RENT ZESTIMATE
$1895 / mo.  5234 University Wy NE, Seattle, WA

97 Walker's Paradise



 
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