3500 W Government Wy

    Seattle, WA 98199
    • $1,995,000
    • STATUS: Pending
    • ON SITE: 108 days
    • ID#: 1254041
    Under Contract
    UPDATED: 24 min ago
    $1,995,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,465
      SQFT
    • $309
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Windermere Real Estate Co..

    Description

    This well-built 1950s 8-plex is in a stellar location! Tenants have easy access to downtown by bus, car or bicycle and can stroll across the Locks to enjoy Ballard restaurants. Discovery Park, with its 534 wooded acres and saltwater beaches, is just 1 block away. There are five 2-bdrm units and three 1-bdrm units with an average size of 735 sq ft. Units have ample storage and off-street parking. Low rents plus large units equals tremendous upside potential.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-06-23T07:18:03.863.

    www.nwhomeexperts.com/homes/81331013

    3500 W Government Wy Seattle, WA 98199

    • Price: $1,995,000
    • Status: Pending
    • Updated: 24 min ago
    • ID#: 1254041
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    6,465
    SQFT
    $309
    $/SQFT
    1959
    Built
    Neighborhood:
    Magnolia
    County:
    King
    Area:
    Queen Anne/Magnolia
    Elementary School:
    Lawton
    Middle School:
    Mc Clure Mid
    High School:
    Ballard High
    School District:
    Seattle
    Property Description
    This well-built 1950s 8-plex is in a stellar location! Tenants have easy access to downtown by bus, car or bicycle and can stroll across the Locks to enjoy Ballard restaurants. Discovery Park, with its 534 wooded acres and saltwater beaches, is just 1 block away. There are five 2-bdrm units and three 1-bdrm units with an average size of 735 sq ft. Units have ample storage and off-street parking. Low rents plus large units equals tremendous upside potential.
    Exterior Features

    Carport Spaces 0 Exterior BrickWood Foundation Poured Concrete Garage Spaces 0 Lot Details Corner LotPaved Street Roof Torch Down Stories In Building 3 Style 55 - 5-Plex Total Parking Spaces 8 Uncovered Spaces 8

    Interior Features

    Floor Covering Wall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 770 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 770 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 770 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 770 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 1 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 630 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 770 Unit6 Washer Dryer N Units Below Grade Y

    Property Features

    Amenities BasementCoin Op LaundryStorageThermal Windows Bank Owned No Cap Rate 3.94 Electrical Expenses 799 Energy Source Electric EPSEnergy 0 Form17 Provided Gross Adjusted Income 109956 Gross Rent Multiplier 18 Gross Scheduled Income 112200 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 2619 Leased Items None Net Operating Income 78569 New Construction YN No Other Expenses 0 Possession Sub. Tenant's Rights Power Company Seattle City Light Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company Seattle Public Utilities Tax Amount 15062 Tax Year 2017 Terms Cash Out Third Party Approval Required None Total Expenses EXP 31387 Total Expenses TEX 31387 Total Monthly Income 9325 Unit1 Monthly Rent 1495 Unit2 Monthly Rent 930 Unit3 Monthly Rent 1600 Unit4 Monthly Rent 995 Unit5 Monthly Rent 1100 Unit6 Monthly Rent 960 Vacancy Rate 2 Water Company Seattle Public Utilities Water Sewer Garbage 12907 Water Source Public Zoning Jurisdiction City

    Listing information © 2018 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by NW Home Experts and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-06-23T07:18:03.863.

     
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    Listing Courtesy of Windermere Real Estate Co..