2821 14th Ave W, Seattle, WA 98119

$1,820,000

Listing courtesy of Westlake Associates, Inc..

List Price
$1,820,000
Status
ACTIVE
MLS#
1088287
Days on Market
14
Style
55 - 5-9 Units
Lot Size (sq ft)
6,000

Property Description

2821 14th AVE W is a 6-unit, wood framed building constructed in 1960. Units consists of five large 2 bedroom, 1 bath units and a 1 bedroom, 1 bath unit. The upper units have fantastic views overlooking Interbay and Magnolia with Puget Sound in the distance. All units have hardwood/vinyl plank floors, double pane windows and mostly updated kitchens and bathrooms. Five off-street parking spaces on the W side of the building accessed via 15th Ave W and 4 more on E side on 14th Ave W.

Additional Information

List Date
2017-03-09 00:00:00
Community
Queen Anne
Property Type
MULT
Units
6
Stories
3
Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
783
Unit 1 Rent
$1,795
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
783
Unit 2 Rent
$1,695
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
783
Unit 3 Rent
$1,750
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
783
Unit 4 Rent
$1,645
Net Operating Income
$91,794
Gross Adjusted Income
$124,168
Gross Scheduled Income
$127,800
Total Monthly Income
$106,560
Insurance Expense
$1,073
W/S/G Expenses
$6,818
Total Expenses
$32,374
Gross Rent Multiplier
14
Vacancy Rate
3
Cap Rate
5
Year Built
1960
Total Parking
9
Uncovered Parking
9
View
Bay, Golf Course
Exterior
Brick
Roof
Flat
Site Features
Deck
Lot Details
Paved Street, Sidewalk
Annual Taxes
$14,703
Tax Year
2017
School District
Seattle
Potential Terms
Cash Out, Conventional

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