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!
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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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