3015 NE 120th Street, Seattle, WA 98125

Listing Broker: Ewing & Clark, Inc.; Andy Randles; 206-405-0090; andy@ewingandclark.com

List Price
$627,000
Status
ACTIVE
MLS#
2600317
Style
52 - Duplex
Building Condition
Fixer
Finished SqFt
1,680
Area Total SqFt
1680
Annual Tax Ammount
4019
Lot Size (sq ft)
6,600
Sewer
Sewer Connected

Property Description

Value is in the land for this Lake City parcel. Existing structure is a duplex with one unit rented that can provide cash-flow during permitting. 6,600 square foot site zoned LR3(M). Please do not disturb tenants, showing after mutual.

Additional Information

Community
Lake City
Net Operating Income
$23,701
Gross Adjusted Income
$18,000
Gross Scheduled Income
$36,000
Total Monthly Income
$197,508
Insurance Expenses
$1,995
Water/Sewer/Garbage Expenses
$4,486
Gross Rent Multiplier
17.41
Total Expenses
$12,300
Cap Rate
3.78
Vacancy Rate
50
Total Number of Units
2
Unit Name
3015
Potential Terms
Cash, Rehab Loan
Year Built
1947
Roof
Composition
Site Features
High Speed Internet
Other Expenses
1800
Energy Source
Electric
School District
Seattle
Total Monthly Income
$197,508
Gross Scheduled Income
$36,000
Vacancy Rate
50
Gross Adjusted Income
$18,000
Tax Year
2026
Insurance Expense
$1,995
W/S/G Expenses
$4,486
Total Expenses
$12,300
Net Operating Income
$23,701
Gross Rent Multiplier
17.41
Cap Rate
3.78
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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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