914 N 38th St, Seattle, WA 98103

$695,000
1,460
SqFt

Listing courtesy of Pacific Crest.

List Price
$695,000
Status
ACTIVE
MLS#
1664611
Days on Market
5
Style
52 - Duplex
Building Condition
['Fair']
Finished SqFt
1,460
Lot Size (sq ft)
2,600

Property Description

Value Add Fremont Duplex with rental upside. Upper unit 2X1 with Mt. Rainier Views and Fireplace, lower unit renovated 1X1. Lower unit may be non-conforming, buyer to verify. Potential to build 10 Apartments per architect. See supplements for more information. New Roof and newly lined sewer line in August 2020. Inspection report attached. Tours by appointment only. Upper lease ends 5/31/21, lower 3/31/21

Additional Information

List Date
2020-09-16 00:00:00
Community
Fremont
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1910
View
Mountain
Exterior
Wood
Roof
Composition
Lot Details
Alley, Value In Land
School District
Seattle
Total Monthly Income
$3,370
Gross Scheduled Income
$40,440
Vacancy Rate
3
Gross Adjusted Income
$40,440
Annual Taxes
$6,176
Tax Year
2020
Insurance Expense
$667
W/S/G Expenses
$1,357
Total Expenses
$11,448
Net Operating Income
$29,294
Gross Rent Multiplier
17
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
800
Unit 1 Rent
$1,760
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
600
Unit 2 Rent
$1,610
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