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.
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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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