4511 SW Lander Street, Seattle, WA 98116
- $1,235,000
Listing courtesy of Blake Investment Advisors.
- List Price
- $1,235,000
- Status
- ACTIVE
- MLS#
- 2133436
- Days on Market
- 123
- Style
- 53 - Tri-plex
- Annual Tax Ammount
- 7584
- Lot Size (sq ft)
- 5,400
- Sewer
- Sewer Connected
- Bank Owned
- Yes
Property Description
A value-add triplex in a true "A" location with 23.5% rental upside. The subject is within blocks from the N. Admiral Way/California Ave SW retail corridor, which exudes charm and character with 1900's architecture and lifestyle attractions like Historic Admiral Theatre, Good Society Brewery and Public House, Starbucks, Metropolitan Market, Safeway, Safeway Pharmacy, Banking, Beauty Salons, Cross Fit Seattle, Bebop Waffle Shop, and many other restaurants and other attractions within steps of the subject. Bring entrepreneurial buyers looking to buy a well-located asset where value creation is available for an astute investor. See Marketing Package.
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Additional Information
- List Date
- 2023-05-23 23:14:10
- Community
- North Admiral
- Net Operating Income
- $51,682
- Gross Scheduled Income
- $68,780
- Total Monthly Income
- $5,350
- Insurance Expenses
- $1,262
- Water/Sewer/Garbage Expenses
- $6,533
- Total Expenses
- $18,360
- Cap Rate
- 4.18
- Vacancy Rate
- 2
- Total Number of Units
- 3
- Unit Name
- 4511
- Potential Terms
- Conventional
- Year Built
- 1910
- Roof
- Composition
- Other Expenses
- 2981
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Elementary School
- Lafayette
- Middle School
- Madison Mid
- High School
- West Seattle High
- Total Monthly Income
- $5,350
- Gross Scheduled Income
- $68,780
- Vacancy Rate
- 2
- Tax Year
- 2022
- Insurance Expense
- $1,262
- W/S/G Expenses
- $6,533
- Total Expenses
- $18,360
- Net Operating Income
- $51,682
- Cap Rate
- 4.18
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