5001 38th Avenue SW, Seattle, WA 98126

$1,150,000
2,210
SqFt

Listing courtesy of COMPASS.

List Price
$1,150,000
Status
ACTIVE
MLS#
2222752
Days on Market
60
Style
53 - Tri-plex
Finished SqFt
2,210
Area Total SqFt
2210
Annual Tax Ammount
10068.46
Lot Size (sq ft)
3,510
Sewer
Sewer Connected

Property Description

This Fairmont Park property has three spacious 1-bed units, making it ideal for both portfolio investors and a landlord who wishes to occupy one of the units. Each unit has its own laundry room with full size washer and dryer, fireplace, either a patio or deck, and one assigned off-street parking. Built in 1991, the property has been meticulously maintained and well-managed, providing the new owner with peace of mind. The property is conveniently located close to California Ave restaurants and coffee shops, shopping, parks, Alki Beach, schools, and West Seattle bridge. The seller-procured inspection report is available.

Additional Information

List Date
2024-04-17 01:45:09
Community
Fairmount
Net Operating Income
$57,114
Gross Adjusted Income
$72,900
Gross Scheduled Income
$72,900
Total Monthly Income
$6,075
Insurance Expenses
$1,473
Water/Sewer/Garbage Expenses
$2,072
Gross Rent Multiplier
15.78
Total Expenses
$15,786
Cap Rate
4.97
Total Number of Units
3
Unit Name
5001
Potential Terms
Cash Out, Conventional
Year Built
1991
View
Territorial
Roof
Composition
Site Features
Deck, Fenced-Partially, High Speed Internet, Patio
Electric Expenses
49
Other Expenses
2121
Energy Source
Electric
School District
Seattle
Elementary School
Fairmount Park
Middle School
Pathfinder K-8
High School
West Seattle High
Total Monthly Income
$6,075
Gross Scheduled Income
$72,900
Gross Adjusted Income
$72,900
Tax Year
2024
Insurance Expense
$1,473
W/S/G Expenses
$2,072
Total Expenses
$15,786
Net Operating Income
$57,114
Gross Rent Multiplier
15.78
Cap Rate
4.97
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Data last updated at .

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks