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2603 14th Ave W, Seattle, WA 98119 (MLS # 1398637)

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Listing provided by RE/MAX Metro Realty, Inc.

PRICE $1,470,000
BEDS 4
BATHS 4 baths
HOME SIZE 3,246 sq ft
LOT SIZE 6,500 sqft

Former 4-plex turned into a triplex w/large owners unit on main/top floor (2 units converted to 1 in 1970's/80's) w/sweeping views of the Sound. Layout is large 2 bed/2 bath on top floor (#2303), 1/1 on 2nd floor -2301 & studio/1 bath on 2nd floor-2307. Ground floor is ALL storage w/coin-op w/d for units 2&3. 3 parking spots. Wonderful opportunities await - covert back to 4-plex (huge upside on cap rate), update existing triplex or land bank & build? Zoned LR3. Stable renters and never vacant.

DAYS ON MARKET 12 LAST UPDATED 1/21/2019
YEAR BUILT 1956 COMMUNITY Queen Anne
COUNTY King STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
School District Seattle


ADDITIONAL DETAILS
AMENITIES Basement, Coin Op Laundry, Storage, Thermal Windows
ANNUAL TAXES 10656
APN 2770604006
AREA 700 - Queen Anne/Magno
BANK/REO OWNED N
BATHROOMS1 2.00, 2.00
BATHROOMS2 1.00, 1.00
BATHROOMS3 1.00, 1.00
BATHROOMS4 0.00, 0.00
BATHROOMS5 0.00, 0.00
BATHROOMS6 0.00, 0.00
BEDROOMS1 2
BEDROOMS2 1
BEDROOMS3 1
BEDROOMS4 0
BEDROOMS5 0
BEDROOMS6 0
BUILDING CONDITION Average
CAP RATE (NOI / LP) 3.20
DISHWASHER1 Y
DISHWASHER2 N
DISHWASHER3 N
ELECRICAL EXPENSES 0
ENERGY SOURCE Oil
EXTERIOR Brick, Wood
FLOOR COVERING Hardwood, Vinyl, Wall to Wall Carpet
FORM 17 Exempt
FOUNDATION Poured Concrete
GENERAL ZONING Multi-Family
GROSS ADJUSTED INCOME 65400
GROSS RENT MULTIPLIER 23
GROSS SCHEDULED INCOME 65400
HEATING AND COOLING Radiator
HEATING EXPENSES 2000
HOME OWNER DUES 0
INSURANCE EXPENSES 1600
LEASED ITEMS None
LOT DETAILS Paved Street, Sidewalk
NET OPERATING INCOME 47644
OFFERS Reviewed on receipt
OTHER EXPENSES 0
POSSESION Sub. Tenant's Rights
POTENTIAL TERMS Cash Out, Conventional, FHA, VA
PROPERTY TYPE MULT
RANGE/OVEN1 Y
RANGE/OVEN2 Y
RANGE/OVEN3 Y
REFRIGERATOR1 Y
REFRIGERATOR2 Y
REFRIGERATOR3 Y
ROOF Composition
SEWER Sewer Connected
SITE FEATURES Cable TV, Deck, Fenced-Partially, Gas Available, Shop
SQUARE FEET UNIT 1 1896
SQUARE FEET UNIT 2 700
SQUARE FEET UNIT 3 650
SQUARE FEET UNIT 4 0
SQUARE FEET UNIT 5 0
SQUARE FEET UNIT 6 0
STYLE 53 - Tri-plex
TAX YEAR 2018
TOTAL EXPENSES 17756
TOTAL MONTHLY INCOME 5450
TOTAL NUMBER OF PARKING SPACES 3
UNITS BELOW GRADE N
VACANCY RATE 0
VIEW Golf Course, Mountain, Sound, Territorial
WASHER/DRYER1 Y
WASHER/DRYER2 N
WASHER/DRYER3 N
WATER COMPANY City of Seattle
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
2603 14th Ave W, Seattle, WA

RENT ZESTIMATE
$ / mo.  2603 14th Ave W, Seattle, WA

68 Somewhat Walkable



 
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