427 11th Ave E, Seattle, WA 98102

$1,168,900
2,300
SqFt

Listing courtesy of Windermere R E Mount Baker.

List Price
$1,168,900
Status
PENDING
MLS#
1730613
Price Change
▼ $29,100 1614559576
Days on Market
13
Style
52 - Duplex
Building Condition
['Good']
Finished SqFt
2,300
Lot Size (sq ft)
4,000

Property Description

Beautifully maintained 2-unit 1903 home on a quiet Capitol Hill side street, just blocks to light rail, parks, and dozens of bars & restaurants. Home features original hardwoods, a circular floor plan, 9’ ceilings & updated kitchen. Upstairs: 3 beds, full bath, & city views. Ground floor ADU unit (not legalized): 1 bed, living room, shared laundry. Was rented for $1100/mo. LR3 zoned lot w/excellent redevelopment potential incl. 1) Legalizing / improving the 810sqft ADU 2) Subdividing lot for a 2nd home. City says owner can sell the lot or 2nd home separately 3) Start fresh with apartments or townhomes (ask agent for more details). Large private backyard w/hot tub & 3 parking spaces. All newer systems. Total pro-forma rent of appox. $59K/yr.

Additional Information

List Date
2021-02-18 00:00:00
Community
Capitol Hill
Property Type
MULT
Units
2
Stories
3
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
1903
Total Parking
2
Uncovered Parking
2
View
City
Exterior
Metal/Vinyl, Wood
Roof
Composition
Site Features
Cabana/Gazebo, Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Hot Tub/Spa, Outbuildings, Patio
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Elementary School
Lowell
Middle School
Meany Mid
High School
Garfield High
Total Monthly Income
$4,910
Gross Scheduled Income
$58,920
Vacancy Rate
5
Gross Adjusted Income
$55,974
Annual Taxes
$12,208
Tax Year
2020
Insurance Expense
$900
W/S/G Expenses
$2,100
Total Expenses
$17,428
Net Operating Income
$38,546
Gross Rent Multiplier
20
Cap Rate
3

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
810
Unit 1 Rent
$1,100
Unit 2 Beds
3
Unit 2 Baths
2.00
Unit 2 Size
1490
Unit 2 Rent
$3,810
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