For more information on this listing, please contact...
The Landmark Group
206-325-6000
Email
  • Listing #:
    • 1389247
  • Price:
    • $5,200,000
  • Status:
    • Active
  • Property Type:
    • Multi-Family
  • Type:
    • 10+ Units
  • # of Units:
    • 15
  • # of Acres:
    • 0.64
  • Lot Sq.Ft.:
    • 28,048
  • Year Built:
    • 1960
  • School Dist:
    • Seattle
  • Address:
    • 7144 47th Ave SW
  • Community:
    • Lincoln Park
  • City:
    • Seattle
  • County:
    • King
  • State:
    • WA
  • Zip:
    • 98136
  • Terms:
    • Cash Out, Conventional
  • Right of 1st Refusal:
    • No
QR Code

Description
The Kenney Assemblage Consists Of 5 Buildings: 3 Triplexes, 1 Fourplex And One Duplex Totalling 15 Units. All Units Spacious, Ranging From Studio To 2-bedroom. Garage Parking In Select Units. Value-add Opportunity With Rents Significantly Below Market. Upside Available Through Rent Increase, Utility Billback, Parking Fees, Etc.build Up For Potential Sound Views, Steps To Lincoln Park, Walk To Shopping/retail, Near Vashon/faunt Ferry Term & Short Commute To D'town Seattle. 6.9% Proforma Cap Rate.
Property Features
  • Unit 1
    • Rent Unit 1:
      • - $1,400.00
    • 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:
      • - Yes
    • Description Unit 1:
      • - 7142
  • Unit 2
    • Rent Unit 2:
      • - $1,400.00
    • 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:
      • - Yes
    • Description Unit 2:
      • - 7144u
  • Unit 3
    • Rent Unit 3:
      • - $1,400.00
    • 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:
      • - Yes
    • Description Unit 3:
      • - 7144
  • Unit 4
    • Bathrooms Unit 4:
      • - 0.00
    • Refrigerator Unit 4:
      • - No
    • Range/oven Unit 4:
      • - No
    • Dishwasher Unit 4:
      • - No
    • Washer/dryer Unit 4:
      • - No
  • Unit 5
    • Bathrooms Unit 5:
      • - 0.00
    • Refrigerator Unit 5:
      • - No
    • Range/oven Unit 5:
      • - No
    • Dishwasher Unit 5:
      • - No
    • Washer/dryer Unit 5:
      • - No
  • Unit 6
    • Bathrooms Unit 6:
      • - 0.00
    • Refrigerator Unit 6:
      • - No
    • Range/oven Unit 6:
      • - No
    • Dishwasher Unit 6:
      • - No
    • Washer/dryer Unit 6:
      • - No
  • Building Details
    • # Of Stories In Building:
      • - 2
    • Units Below Grade:
      • - Yes
    • Amenities:
      • - Basement
      • - Coin Op Laundry
      • - Storage
    • Building Condition:
      • - Good
    • Floor Covering:
      • - Wall To Wall Carpet
    • Heating And Cooling:
      • - Baseboard
      • - Wall
  • Misc Details
    • Form 17:
      • - Provided
    • Leased Items:
      • - None
  • Tax Details
    • Tax Amount:
      • - $46,668.00
    • Tax Year:
      • - 2018
  • Finance Details
    • Vacancy Rate:
      • - 5
    • Cap Rate - Noi Div Lp:
      • - 2.00
  • Income
    • Gross Adjusted Income:
      • - $192,362.00
    • Gross Scheduled Income:
      • - $201,180.00
    • Net Operating Income:
      • - $106,630.00
  • Expenses
    • Total Expenses:
      • - $85,731.00
    • Total Expenses:
      • - $85,731.00
  • Waterfront and Views
    • View Details:
      • - See Remarks
  • Construction Details
    • Exterior:
      • - Wood
    • Roof:
      • - Composition
  • Lot Details
    • Features:
      • - Curbs
      • - Paved Street
      • - Sidewalk
  • Parking
    • Total # Of Parking:
      • - 15
    • # Of Uncovered Spaces:
      • - 7
    • # Of Garage Spaces:
      • - 5
    • # Of Carport Spaces:
      • - 3
  • Utilities
    • Energy Source:
      • - Electric
      • - Oil
    • Power Company:
      • - Seattle City Light
    • Sewer Company:
      • - Seattle Pud
    • Water Source:
      • - Public
    • Water Company:
      • - Seattle Pud
  • Zoning
    • General Zoning Classification:
      • - Multi-family
    • Zoning Jurisdiction:
      • - City
Nearby Listings
0.73 Mi.

6001 California Ave SW

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 8,136 ft²
1.37 Mi.

5034 Fauntleroy Wy SW

  • 0 Bedrooms
  • 0.00 Bathrooms
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2.20 Mi.

9216 15th Ave SW

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 1,640 ft²
For more information on this listing, please contact...
The Landmark Group
206-325-6000
Email
27090

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