4345 32nd Ave W, Seattle, WA 98199

$5,495,000
15,240
SqFt

Listing courtesy of Synergy Mrgrs & Acq. LLC.

List Price
$5,495,000
Status
ACTIVE
MLS#
1634242
Days on Market
58
Style
56 - 10+ Units
Building Condition
['Good']
Finished SqFt
15,240
Lot Size (sq ft)
12,553

Property Description

This is a rare opportunity to acquire an 18 unit turnkey property. The building is located just minutes from the Metropolitan Magnolia Market and is an easy stroll to Discovery Park & Locks. This property is poised for substantial future appreciation. Significant upside in rents, storage, parking along with utility reimbursements.

Additional Information

List Date
2020-07-31 00:00:00
Community
Magnolia
Property Type
MULT
Units
18
Stories
4
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
1976
Total Parking
18
Uncovered Parking
9
Exterior
Cement/Concrete, Wood
Roof
Cedar Shake, Composition, Flat
Site Features
High Speed Internet
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Total Monthly Income
$23,925
Gross Scheduled Income
$289,814
Vacancy Rate
3
Gross Adjusted Income
$289,814
Annual Taxes
$42,408
Tax Year
2019
Insurance Expense
$9,101
Total Expenses
$88,090
Net Operating Income
$193,029
Gross Rent Multiplier
19
Cap Rate
3

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
895
Unit 1 Rent
$965
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
895
Unit 2 Rent
$1,350
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
895
Unit 3 Rent
$1,400
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
895
Unit 4 Rent
$1,425
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
840
Unit 5 Rent
$1,000
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
840
Unit 6 Rent
$1,375
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