For more information on this listing, please contact...
Horizon Real Estate
206-650-3406
Email
  • Listing #:
    • 1153247
  • Price:
    • $1,800,000
  • Status:
    • Pending
  • Property Type:
    • Multi-Family
  • Type:
    • 5-Plex
  • # of Units:
    • 8
  • # of Acres:
    • 0.11
  • Lot Sq.Ft.:
    • 4,922
  • Year Built:
    • 1957
  • School Dist:
    • Seattle
  • Address:
    • 3035 64th Ave SW
  • Community:
    • Alki
  • City:
    • Seattle
  • County:
    • King
  • State:
    • WA
  • Zip:
    • 98116
  • Terms:
    • Cash Out
QR Code

Description
One Block From Alki Beach And First Time On The Market In Over 50 Years! Cool Mid-century 8 Unit Apartment Building With Efficient 1bd Units. Building Has Common Laundry, Off-street Parking And Extra Storage. Well Maintained, Low Maintenance Building With Updated Electrical, New Water Main Line, Double-paned Windows, Hardie Fiber Cement Siding, New Exterior Paint And More. Lots Of Rent Upside And Potential To Add Value.
Property Features
  • Unit 1
    • Rent Unit 1:
      • - $1,325.00
    • Square Feet Unit 1:
      • - 495.00
    • Bedrooms Unit 1:
      • - 1
    • Bathrooms Unit 1:
      • - 1.00
    • Refrigerator Unit 1:
      • - Yes
    • Range/oven Unit 1:
      • - Yes
    • Dishwasher Unit 1:
      • - No
    • Washer/dryer Unit 1:
      • - No
    • Description Unit 1:
      • - 1
  • Unit 2
    • Rent Unit 2:
      • - $675.00
    • Square Feet Unit 2:
      • - 495.00
    • Bedrooms Unit 2:
      • - 1
    • Bathrooms Unit 2:
      • - 1.00
    • Refrigerator Unit 2:
      • - Yes
    • Range/oven Unit 2:
      • - Yes
    • Dishwasher Unit 2:
      • - No
    • Washer/dryer Unit 2:
      • - No
    • Description Unit 2:
      • - 2
  • Unit 3
    • Rent Unit 3:
      • - $1,350.00
    • Square Feet Unit 3:
      • - 495.00
    • Bedrooms Unit 3:
      • - 1
    • Bathrooms Unit 3:
      • - 1.00
    • Refrigerator Unit 3:
      • - Yes
    • Range/oven Unit 3:
      • - Yes
    • Dishwasher Unit 3:
      • - No
    • Washer/dryer Unit 3:
      • - No
    • Description Unit 3:
      • - 3
  • Unit 4
    • Rent Unit 4:
      • - $1,375.00
    • Square Feet Unit 4:
      • - 495.00
    • Bedrooms Unit 4:
      • - 1
    • Bathrooms Unit 4:
      • - 1.00
    • Refrigerator Unit 4:
      • - Yes
    • Range/oven Unit 4:
      • - Yes
    • Dishwasher Unit 4:
      • - No
    • Washer/dryer Unit 4:
      • - No
    • Description Unit 4:
      • - 4
  • Unit 5
    • Rent Unit 5:
      • - $1,250.00
    • Square Feet Unit 5:
      • - 495.00
    • Bedrooms Unit 5:
      • - 1
    • Bathrooms Unit 5:
      • - 1.00
    • Refrigerator Unit 5:
      • - Yes
    • Range/oven Unit 5:
      • - Yes
    • Dishwasher Unit 5:
      • - No
    • Washer/dryer Unit 5:
      • - No
    • Description Unit 5:
      • - 5
  • Unit 6
    • Rent Unit 6:
      • - $820.00
    • Square Feet Unit 6:
      • - 495.00
    • Bedrooms Unit 6:
      • - 1
    • Bathrooms Unit 6:
      • - 1.00
    • Refrigerator Unit 6:
      • - Yes
    • Range/oven Unit 6:
      • - Yes
    • Dishwasher Unit 6:
      • - No
    • Washer/dryer Unit 6:
      • - No
    • Description Unit 6:
      • - 6
  • Building Details
    • # Of Stories In Building:
      • - 2
    • Units Below Grade:
      • - No
    • Amenities:
      • - Coin Op Laundry
      • - Storage
      • - Thermal Windows
    • Floor Covering:
      • - Vinyl
      • - Wall To Wall Carpet
    • Heating And Cooling:
      • - Baseboard
  • Misc Details
    • Form 17:
      • - Exempt
    • Leased Items:
      • - None
  • Tax Details
    • Tax Amount:
      • - $13,501.00
    • Tax Year:
      • - 2017
  • Finance Details
    • Gross Rent Multiplier:
      • - 16
    • Vacancy Rate:
      • - 3
    • Cap Rate - Noi Div Lp:
      • - 4.00
  • Income
    • Gross Adjusted Income:
      • - $107,554.00
    • Gross Scheduled Income:
      • - $110,880.00
    • Net Operating Income:
      • - $72,084.00
    • Total Monthly Income:
      • - $9,240.00
  • Expenses
    • Insurance Expenses:
      • - $1,925.00
    • Water / Sewer / Garbage:
      • - $7,711.00
    • Other Expenses:
      • - $12,333.00
    • Total Expenses:
      • - $35,470.00
    • Total Expenses:
      • - $35,470.00
  • Construction Details
    • Exterior:
      • - Brick
    • Foundation:
      • - Poured Concrete
    • Roof:
      • - Flat
  • Parking
    • Total # Of Parking:
      • - 3
    • # Of Uncovered Spaces:
      • - 3
  • Utilities
    • Energy Source:
      • - Electric
  • Zoning
    • General Zoning Classification:
      • - Multi-family
Nearby Listings
0.78 Mi.

2367 Hughes Ave SW

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 1,830 ft²
1.23 Mi.

1590 Alki Ave SW

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 2,210 ft²
1.69 Mi.

4812 46th Ave SW

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 2,780 ft²
For more information on this listing, please contact...
Horizon Real Estate
206-650-3406
Email

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