1812 N 40th st, Seattle, WA 98103

$1,299,500
2,670
SqFt

Listing courtesy of Keller Williams Realty Bothell.

List Price
$1,299,500
Status
PENDING
MLS#
1850809
Days on Market
158
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
2,670
Area Total SqFt
2670
Lot Size (sq ft)
2,880

Property Description

Investor Alert! 5.81% Cap Rate Triplex opportunity in the heart of Wallingford! Never a vacancy & never a missed rent payment! Leases good thru 8/31/22 Ea unit consists of 3 bed 1 bath approx. 890sf. Off street parking. Completed major upgrades include new water line from the street, all new plumbing, new sewer line, electrical updated and balanced, new storage unit with common W/D, new roof, windows & gutters, new concrete driveway & sidewalk, new patio w/ fire pit, BBQ, new toilets & sinks, garbage disposals, new granite counter tops & new flooring in some areas. Excellent location near the University of Washington, Green Lake, Gas Works, Burke-Gilman Trail. Walking distance to the waterfront, shops & restaurants. Walking score of 92.

Additional Information

List Date
2021-08-14 18:09:09
Community
Wallingford
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1923
View
Territorial
Roof
Composition
Heating/Cooling Type
Baseboard
Other Expenses
1500
Energy Source
Electric
School District
Seattle
Total Monthly Income
$7,900
Gross Scheduled Income
$94,800
Vacancy Rate
2
Gross Adjusted Income
$92,904
Tax Year
2021
Insurance Expense
$971
W/S/G Expenses
$7,200
Total Expenses
$17,401
Net Operating Income
$75,503
Gross Rent Multiplier
7
Cap Rate
5
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks