DON'T MISS A NEW LISTING AGAIN!

Register Now
Already registered? Login

FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free!
*Contact Information is NOT Shared*

Quick Search


view all


Any

Any

No Min.

No Max.

caroline bouvier

realtor®

206.650.0431
contact me

Contact Me





* fields are required
Back to Saved Search
Listing 5 out of 2,199
$1,900,000 For Sale
9 units | Multi Family Home
6739 sq ft lot - MLS# 1517480 Courtesy of Westlake Associates, Inc.
Property Photo
1/11

Description

MLK Flats is well situated between the Mount Baker and Columbia City Light Rail stations and is convenient to Downtown Seattle Shopping, Restaurants, Amazon, Google and Facebook. Three units have been updated with in unit washer and dryer (Units 2, 6 and 8). Other units have been updated with fresh paint and cabinets. The former laundry room space has been demoed to add a tenth unit. Building is fully leased and under professional property management.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: King County
  • Zip Code: 98108
  • Year Built: 1963
  • School District: Seattle
  • Sq.Ft.: 7,344 sq ft
  • Units: 9 units
  • # of Parking Spaces: 8
  • Lot Size: 6739 sq ft lot
  • Area: Jefferson Park
  • Area Number: 385
  • 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: 1
  • Bedrooms Unit 3: 1
  • Bedrooms Unit 4: 1
  • Bedrooms Unit 5: 2
  • Bedrooms Unit 6: 1
  • Cap Rate - NOI div LP: 5.22
  • Energy Source(heat): Electric
  • Exterior: Brick, Wood
  • Foundation: Poured Concrete
  • Gross Adjusted Income: $139001
  • Gross Rent Multiplier: $13
  • Gross Scheduled Income: $144177
  • Heating/Cooling: Baseboard
  • Insurance Expenses: $3500
  • Net Operating Income: $99262
  • Number of Carport Spaces: 8
  • Number of Stories in Building: 3
  • Other Expenses: $17700
  • Rent Unit 1: $1100
  • Rent Unit 2: $1275
  • Rent Unit 3: $1200
  • Rent Unit 4: $1395
  • Rent Unit 5: $1495
  • Rent Unit 6: $1195
  • Roof: Composition
  • Square Feet Unit 1: 550
  • Square Feet Unit 2: 550
  • Square Feet Unit 3: 550
  • Square Feet Unit 4: 550
  • Square Feet Unit 5: 790
  • Square Feet Unit 6: 550
  • Total Expenses: $39739, $39739
  • Total Monthly Income: $14377
  • Vacancy Rate: 3
  • Water/Sewer/Garbage: 10600
Courtesy of Westlake Associates, 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

Terms of Usage Agreement



 

caroline bouvier | 206.650.0431 | contact me
33313 1st Way S - Federal Way, WA 98003
Copyright © 2018, All Rights Reserved

Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu