Listing #:
- 1305918
- Price:
- $4,800,000
- Status:
- Active
- Property Type:
- Multi-Family
- Type:
- 5-Plex
- # of Units:
- 8
- # of Acres:
- 0.34
- Lot Sq.Ft.:
- 15,000
- Year Built:
- 1963
- School Dist:
- Seattle
- Address:
- 812 29th Ave S
- Community:
- Central Area
- City:
- Seattle
- County:
- King
- State:
- WA
- Zip:
- 98144
- Terms:
- Cash Out, Conventional
- Right of 1st Refusal:
- No
QR Code
Description
First Time On Market In 55 Years. Amazing Opportunity To Own Two 4 Plex Buildings And One Vacant Lot In The Epicenter Of A Hot Thriving Urban Community. 3 Lots Totaling 15,000sq Ft, All Zoned Lr2 For Massive Future Development Potential! Or Improve Current Building Interiors To Increase Already Steady Rents. Just 7 Blocks Away From The Cool Jackson/23rd Project That Will Provide Grocery Store, Shops, Restaurants & A Public Promenade. Great Income Investment With Sweet Development Possibilities!
Property Features
- Unit 1
- Rent Unit 1:
- - $1,400.00
- Square Feet Unit 1:
- - 800.00
- Bedrooms Unit 1:
- - 2
- 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:
- - 812 1
- Rent Unit 1:
- Unit 2
- Rent Unit 2:
- - $800.00
- Square Feet Unit 2:
- - 800.00
- Bedrooms Unit 2:
- - 2
- 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:
- - 812 2
- Rent Unit 2:
- Unit 3
- Square Feet Unit 3:
- - 800.00
- Bedrooms Unit 3:
- - 2
- 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:
- - 812 3
- Square Feet Unit 3:
- Unit 4
- Rent Unit 4:
- - $1,200.00
- Square Feet Unit 4:
- - 800.00
- Bedrooms Unit 4:
- - 2
- 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:
- - 812 4
- Rent Unit 4:
- Unit 5
- Rent Unit 5:
- - $1,400.00
- Square Feet Unit 5:
- - 800.00
- Bedrooms Unit 5:
- - 2
- 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:
- - 818 1
- Rent Unit 5:
- Unit 6
- Rent Unit 6:
- - $900.00
- Square Feet Unit 6:
- - 800.00
- Bedrooms Unit 6:
- - 2
- 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:
- - 818 2
- Rent Unit 6:
- Building Details
- # Of Stories In Building:
- - 3
- Units Below Grade:
- - No
- Amenities:
- - Coin Op Laundry
- Building Condition:
- - Average
- Floor Covering:
- - Laminate Tile
- - Wall To Wall Carpet
- Heating And Cooling:
- - Baseboard
- - Wall
- # Of Stories In Building:
- Misc Details
- Form 17:
- - Provided
- Approved Number Of Bedrooms:
- - 16
- Leased Items:
- - None
- Form 17:
- Tax Details
- Tax Amount:
- - $16,235.00
- Tax Year:
- - 2017
- Tax Amount:
- Finance Details
- Gross Rent Multiplier:
- - 49
- Cap Rate - Noi Div Lp:
- - 7.00
- Gross Rent Multiplier:
- Income
- Gross Adjusted Income:
- - $66,847.00
- Gross Scheduled Income:
- - $102,000.00
- Net Operating Income:
- - $35,153.00
- Total Monthly Income:
- - $8,500.00
- Gross Adjusted Income:
- Expenses
- Insurance Expenses:
- - $5,118.00
- Water / Sewer / Garbage:
- - $13,800.00
- Total Expenses:
- - $32,153.00
- Total Expenses:
- - $32,153.00
- Insurance Expenses:
- Schools
- Elementary:
- - Thurgood Marshall El
- Jr. High:
- - Wash Mid
- Sr. High:
- - Garfield High
- Elementary:
- Waterfront and Views
- View Details:
- - Territorial
- View Details:
- Construction Details
- Exterior:
- - Stucco
- Roof:
- - Flat
- Exterior:
- Lot Details
- Lot Number:
- - 11
- - 12
- - South 1 / 2 Of 13
- Block:
- - 6
- Project:
- - Baxters Addition
- Features:
- - Curbs
- - Open Space
- - Paved Street
- - Sidewalk
- - Value In Land
- Site Features:
- - Deck
- - Shop
- Lot Number:
- Parking
- Total # Of Parking:
- - 9
- # Of Uncovered Spaces:
- - 2
- # Of Garage Spaces:
- - 6
- # Of Carport Spaces:
- - 1
- Total # Of Parking:
- Utilities
- Energy Source:
- - Electric
- Power Company:
- - Seattle City Light
- Sewer Company:
- - Seattle Utilities
- Water Source:
- - Public
- Water Company:
- - Seattle Utilities
- Energy Source:
- Zoning
- General Zoning Classification:
- - Multi-family
- Zoning Jurisdiction:
- - City
- General Zoning Classification: