For more information on this listing, please contact...
Horizon Real Estate
206-650-3406
Email
  • Listing #:
    • 1232294
  • Price:
    • $4,100,000
  • Status:
    • Active
  • Property Type:
    • Multi-Family
  • Type:
    • 5-Plex
  • # of Units:
    • 7
  • # of Acres:
    • 0.10
  • Lot Sq.Ft.:
    • 4,413
  • Year Built:
    • 1991
  • School Dist:
    • Seattle
  • Address:
    • 3306 Beach Dr SW
  • Community:
    • Alki
  • City:
    • Seattle
  • County:
    • King
  • State:
    • WA
  • Zip:
    • 98116
  • Terms:
    • Cash Out
QR Code

Description
Incredible Waterfront View For A Turnkey Cash-flowing Opportunity In An Irreplaceable Alki Beach Location (remodeled 2016). Constructed With A Secured Entry, Interior Hall Corridor, And Under-building Parking Garage. There Is One 1 Bedroom / 1 Bath And Six Large, 2 Bedroom / 2 Bath Units, All Of Which Have A Full-size Washer And Dryer, Gourmet Kitchens, Fireplace, Large Covered Decks And Open Floor Plans W/ Panoramic Views. Priced Well Below Condo Values In Immediate Area.
Property Features
  • Unit 1
    • Rent Unit 1:
      • - $1,950.00
    • Square Feet Unit 1:
      • - 705.00
    • Bedrooms Unit 1:
      • - 1
    • Bathrooms Unit 1:
      • - 1.00
    • Fireplaces Unit 1:
      • - 1
    • Washer/dryer Unit 1:
      • - Yes
    • Description Unit 1:
      • - 101
  • Unit 2
    • Rent Unit 2:
      • - $2,795.00
    • Square Feet Unit 2:
      • - 1,050.00
    • Bedrooms Unit 2:
      • - 2
    • Bathrooms Unit 2:
      • - 2.00
    • Fireplaces Unit 2:
      • - 1
    • Washer/dryer Unit 2:
      • - Yes
    • Description Unit 2:
      • - 201
  • Unit 3
    • Rent Unit 3:
      • - $2,695.00
    • Square Feet Unit 3:
      • - 1,050.00
    • Bedrooms Unit 3:
      • - 2
    • Bathrooms Unit 3:
      • - 2.00
    • Fireplaces Unit 3:
      • - 1
    • Washer/dryer Unit 3:
      • - Yes
    • Description Unit 3:
      • - 202
  • Unit 4
    • Rent Unit 4:
      • - $2,695.00
    • Square Feet Unit 4:
      • - 1,050.00
    • Bedrooms Unit 4:
      • - 2
    • Bathrooms Unit 4:
      • - 2.00
    • Fireplaces Unit 4:
      • - 1
    • Washer/dryer Unit 4:
      • - Yes
    • Description Unit 4:
      • - 301
  • Unit 5
    • Rent Unit 5:
      • - $2,795.00
    • Square Feet Unit 5:
      • - 1,050.00
    • Bedrooms Unit 5:
      • - 2
    • Bathrooms Unit 5:
      • - 2.00
    • Fireplaces Unit 5:
      • - 1
    • Washer/dryer Unit 5:
      • - Yes
    • Description Unit 5:
      • - 302
  • Unit 6
    • Rent Unit 6:
      • - $2,795.00
    • Square Feet Unit 6:
      • - 1,050.00
    • Bedrooms Unit 6:
      • - 2
    • Bathrooms Unit 6:
      • - 2.00
    • Fireplaces Unit 6:
      • - 1
    • Washer/dryer Unit 6:
      • - Yes
    • Description Unit 6:
      • - 401
  • Building Details
    • # Of Stories In Building:
      • - 4
    • Units Below Grade:
      • - No
    • Building Condition:
      • - Very Good
    • Floor Covering:
      • - Vinyl
      • - Wall To Wall Carpet
    • Heating And Cooling:
      • - Forced Air
  • Misc Details
    • Form 17:
      • - Provided
    • Leased Items:
      • - None
  • Tax Details
    • Tax Amount:
      • - $22,687.00
    • Tax Year:
      • - 2017
  • Finance Details
    • Gross Rent Multiplier:
      • - 17
    • Vacancy Rate:
      • - 5
    • Cap Rate - Noi Div Lp:
      • - 4.10
  • Income
    • Gross Adjusted Income:
      • - $225,549.00
    • Gross Scheduled Income:
      • - $237,420.00
    • Net Operating Income:
      • - $168,156.00
    • Total Monthly Income:
      • - $19,785.00
  • Expenses
    • Insurance Expenses:
      • - $3,000.00
    • Water / Sewer / Garbage:
      • - $12,734.00
    • Other Expenses:
      • - $18,972.00
    • Total Expenses:
      • - $57,393.00
    • Total Expenses:
      • - $57,393.00
  • Waterfront and Views
    • Waterfront Details:
      • - Bank-medium
      • - Bulkhead
      • - Ocean
      • - Saltwater
      • - Sound
    • View Details:
      • - Mountain
      • - Ocean
      • - Sound
  • Construction Details
    • Exterior:
      • - Stucco
    • Foundation:
      • - Poured Concrete
    • Roof:
      • - Flat
  • Parking
    • Total # Of Parking:
      • - 7
    • # Of Garage Spaces:
      • - 7
  • Utilities
    • Energy Source:
      • - Electric
    • Water Source:
      • - Public
Nearby Listings
0.65 Mi.

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  • 0 Bedrooms
  • 0.00 Bathrooms
  • 1,680 ft²
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4812 46th Ave SW

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

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