701 S Kenyon Street, Seattle, WA 98108

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Listing Broker: Skyline Properties, Inc.; Scott Fladseth; 425-522-2900; scott@scottsdreamhomes.com

List Price
$899,950
Status
ACTIVE
MLS#
2601216
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
2,880
Area Total SqFt
2880
Annual Tax Ammount
8683
Lot Size (sq ft)
5,000
Sewer
Sewer Connected

Property Description

4-Plex Investment Opportunity! 4 spacious units with functional layouts. 3 units are 2 bed, 1 full bathroom and 1 unit is 1 bed, 1 full bathroom. Recently remodeled units including, kitchens, bathrooms, windows, doors, floors and SS appliances. Newer roof, recently painted exterior and interior. 10 off street parking spots. Coin operated laundry brings in additional income. The building's thoughtful layout ensures plenty of natural light. Quiet neighborhood offers accessibility to everything in city. Short walk to Waterfront Park, residents enjoy scenic river views, outdoor recreation. Walking distance of popular restaurants, easy access to dining & entertainment. Near Major Tech Companies, Downtown Seattle, Airport, Shopping Malls, Restaurants, Parks, Schools & light rail. Great cash flowing property with high cap rate for Investors, owner-occupied buyer, VA buyer or 1031 exchange.

Additional Information

Community
West Seattle
Net Operating Income
$58,529
Gross Adjusted Income
$75,940
Gross Scheduled Income
$75,940
Total Monthly Income
$6,245
Insurance Expenses
$2,628
Water/Sewer/Garbage Expenses
$6,100
Gross Rent Multiplier
11
Total Expenses
$17,411
Cap Rate
8.4
Total Number of Units
4
Unit Name
701
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1941
View
Mountains, Territorial
Roof
Composition
Site Features
Cable TV, Fenced-Partially, High Speed Internet, Patio
Energy Source
Electric
School District
Seattle
Total Monthly Income
$6,245
Gross Scheduled Income
$75,940
Gross Adjusted Income
$75,940
Tax Year
2026
Insurance Expense
$2,628
W/S/G Expenses
$6,100
Total Expenses
$17,411
Net Operating Income
$58,529
Gross Rent Multiplier
11
Cap Rate
8.4
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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