8513 23rd Ave NE, Seattle, WA 98115

$625,000
1,180
SqFt

Listing courtesy of Windermere RE Magnolia.

List Price
$625,000
Status
ACTIVE
MLS#
1721913
Price Change
▼ $25,000 1614226034
Days on Market
38
Style
52 - Duplex
Building Condition
['Good']
Finished SqFt
1,180
Lot Size (sq ft)
2,618

Property Description

Ultra private mid century modern duplex. Tucked away from it all yet steps to heart of Maple Leaf, Wedgewood, Ravenna & UW. Both units have 2 bedrooms, 1 bathroom. Upstairs unit has newer kitchen, new appliances with dishwasher, new bath & new paint. Large deck with partial mountain & territorial vistas too. Lower unit now has 2nd bedroom or use as dedicated home office & new paint. Bonus outdoor patio ideal for morning coffee or afternoon beverage. Large windows in both units, shared laundry room & shared shed. Great set up for owner occupied buyer looking for long-term hybrid income-producing options. Sewer line new to city connection as well. The math on this investment property works well!

Additional Information

List Date
2021-01-29 00:00:00
Community
Ravenna
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
1941
View
Mountain, Partial, Territorial
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Patio
Lot Details
Secluded
School District
Seattle
Elementary School
Wedgwood
Middle School
Eckstein Mid
High School
Nathan Hale High
Total Monthly Income
$3,145
Gross Scheduled Income
$37,740
Vacancy Rate
5
Gross Adjusted Income
$35,853
Annual Taxes
$1,237
Tax Year
2019
Insurance Expense
$1,026
W/S/G Expenses
$1,320
Total Expenses
$3,583
Net Operating Income
$32,270
Gross Rent Multiplier
17
Cap Rate
5

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
590
Unit 1 Rent
$1,395
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
590
Unit 2 Rent
$1,750
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