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caroline bouvier

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206.650.0431
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Listing 2 out of 24
$5,900,000 For Sale

2229 42nd Ave SW
Seattle, WA 98116

15 units | Multi Family Home
10219 sq ft lot - MLS# 1517692 Courtesy of Windermere Real Estate/PSR Inc
Property Photo
1/25

Description

Arctic Manor Apartment is a 15 unit, 3 level brick building in the very desirable North Admiral area of West Seattle. Most of the units have updated bathrooms, kitchen countertops and flooring. Windows and sliding glass doors have all been updated to vinyl framed. Electrical panels were all recently replaced. New sewer line. Top quality PVC Membrane Roof. Assigned parking space for each unit. Common area laundry and storage. Turn-key opportunity, first time on the market in 43 years.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: King County
  • Zip Code: 98116
  • Year Built: 1965
  • School District: Seattle
  • Sq.Ft.: 14,616 sq ft
  • Units: 15 units
  • # of Parking Spaces: 15
  • Lot Size: 10219 sq ft lot
  • View: City
  • Area: North Admiral
  • Amenities: Basement, Coin Op Laundry, Storage
  • Area Number: 140
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bathrooms Unit 5: 1.00
  • Bathrooms Unit 6: 1.00
  • Bedrooms Unit 1: 1
  • Bedrooms Unit 2: 2
  • Bedrooms Unit 3: 1
  • Bedrooms Unit 4: 2
  • Bedrooms Unit 5: 2
  • Bedrooms Unit 6: 1
  • Building Condition: Very Good
  • Cap Rate - NOI div LP: 3.70
  • Electrical Expenses: $1145
  • Energy Source(heat): Electric
  • Exterior: Brick
  • Floor Covering: Ceramic Tile, Laminate Hardwood, Vinyl, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $267720
  • Gross Rent Multiplier: $22
  • Gross Scheduled Income: $267720
  • Heating/Cooling: Baseboard
  • Insurance Expenses: $5444
  • Lot Details: Alley, Paved Street, Sidewalk
  • Net Operating Income: $216093
  • Number of Carport Spaces: 6
  • Number of Stories in Building: 3
  • Number of Uncovered Spaces: 9
  • Other Expenses: $5315
  • Power Company: Seattle City Light
  • Rent Unit 1: $1495
  • Rent Unit 2: $1850
  • Rent Unit 3: $1250
  • Rent Unit 4: $1750
  • Rent Unit 5: $1880
  • Rent Unit 6: $1295
  • Roof: Flat
  • Sewer Company: City Of Seattle
  • Square Feet Unit 1: 725
  • Square Feet Unit 2: 925
  • Square Feet Unit 3: 660
  • Square Feet Unit 4: 830
  • Square Feet Unit 5: 925
  • Square Feet Unit 6: 660
  • Total Expenses: $51627, $51627
  • Total Monthly Income: $22310
  • Water Company: City Of Seattle
  • Water Source: Public
  • Water/Sewer/Garbage: 10030
Courtesy of Windermere Real Estate/PSR Inc
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than Bouvier Realty Group are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-09-19

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caroline bouvier | 206.650.0431 | contact me
33313 1st Way S - Federal Way, WA 98003
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