4200 Letitia Ave S, Seattle, WA 98118

$1,600,000
4,500
SqFt

Listing courtesy of Berkshire Hathaway HS NW.

List Price
$1,600,000
Status
ACTIVE
MLS#
1550879
Days on Market
186
Style
55 - 5-9 Units
Building Condition
['Fair']
Finished SqFt
4,500
Lot Size (sq ft)
3,000

Property Description

Apartment in Columbia City only 100 feet off of Rainier Ave on Adams Street. 7 units for tenants and 1 unit for manager with a total of 8 utility meters. Property is zoned LR3 allowing for a multi-level apartment building with a new construction plan. No sign on property. Please do not disturb tenants.

Additional Information

List Date
2020-01-01 00:00:00
Community
Columbia City
Property Type
MULT
Units
8
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1916
Total Parking
16
Uncovered Parking
16
View
City
Exterior
Stucco
Roof
Composition
Lot Details
Corner Lot, Paved Street
School District
Seattle
Total Monthly Income
$8,800
Gross Scheduled Income
$8,300
Gross Adjusted Income
$8,300
Annual Taxes
$4,396
Tax Year
2019
Insurance Expense
$466
W/S/G Expenses
$650
Total Expenses
$1,116
Net Operating Income
$6,818
Gross Rent Multiplier
181
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
370
Unit 1 Rent
$650
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
370
Unit 2 Rent
$800
Unit 3 Beds
4
Unit 3 Baths
2.00
Unit 3 Size
716
Unit 3 Rent
$1,850
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
535
Unit 4 Rent
$950
Unit 5 Beds
3
Unit 5 Baths
2.00
Unit 5 Size
716
Unit 5 Rent
$1,000
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
716
Unit 6 Rent
$1,200
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