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    4725 38th Avenue S

    Seattle, WA 98118
    • $1,499,990
    • STATUS: Pending BU Requested
    • ON SITE: 34 days
    • ID#: 1789035
    Under Contract
    UPDATED: 47 min ago
    $1,499,990
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of John L. Scott, Inc.

    Description

    Family-owned since the 80's, your rare opportunity to own this fabulous 4plex in ultra desirable Columbia City! Comprised of two 2-bedroom/1-bath units and two 3-bedroom/1.5 bath units, for a massive total 3805 sq ft of rentable living space!! With a prime location and very spacious units, this solid 4-plex generates huge rents, and is offered at an attractive value of 5.3% Cap Rate. New exterior paint, newer roof in 2017, & various newer updates in the units, you'll appreciate this well-maintained property. Include 4 off-street parking spots. Located just a block from a lively collections of restaurants, shops & services on Rainier Ave S. Light Rail Station is just blocks away. Zoned NC2-55 for possible future expansion. Walk Score of 93!

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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 Better Properties Lacey are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-28T08:13:07.96.

    www.betterpropertieslacey.com/homes/118625227
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    4725 38th Avenue S Seattle, WA 98118

    • Price: $1,499,990
    • Status: Pending BU Requested
    • Updated: 47 min ago
    • ID#: 1789035
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1968
    Built
    Neighborhood:
    Columbia City
    County:
    King
    Area:
    Southeast Seattle
    School District:
    Seattle
    Property Description
    Family-owned since the 80's, your rare opportunity to own this fabulous 4plex in ultra desirable Columbia City! Comprised of two 2-bedroom/1-bath units and two 3-bedroom/1.5 bath units, for a massive total 3805 sq ft of rentable living space!! With a prime location and very spacious units, this solid 4-plex generates huge rents, and is offered at an attractive value of 5.3% Cap Rate. New exterior paint, newer roof in 2017, & various newer updates in the units, you'll appreciate this well-maintained property. Include 4 off-street parking spots. Located just a block from a lively collections of restaurants, shops & services on Rainier Ave S. Light Rail Station is just blocks away. Zoned NC2-55 for possible future expansion. Walk Score of 93!
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features WoodWood Products Lot Features Paved Open Parking Spaces 4 Open Parking YN Yes Parking Total 4 Parking Uncovered Spaces 4 Roof Composition Structure Type Quadruplex Style Code 54 - 4-Plex View YN Yes Waterfront YN No

    Interior Features

    Fireplace YN No Flooring Ceramic TileLaminateVinylCarpet Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Wall Heating YN Yes Interior Features Wall To Wall Carpet

    Property Features

    Association Fee 0 Association Fee Frequency Annually Building Name Kramer Heights Rep Electric Expense 300 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 100500 Insurance Expense 3800 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventionalFha Net Operating Income 79876 New Construction YN No Possible Use CommercialMulti-FamilyResidential Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Sewer Sewer Connected Site Features DeckFenced-Fully Special Listing Conditions None Tax Annual Amount 8724 Tax Year 2020 Total Expenses 20624 Units In Building Total 4 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 7800 Water Source Public Zoning Class CommercialMulti-FamilyResidential Zoning Jurisdiction City

    Listing information © 2021 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 Better Properties Lacey 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 Better Properties Lacey are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-28T08:13:07.96.

     
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    Better Properties Lacey
    3201 Willamette Dr NE, Ste E
    Lacey WA, 98516
    Listing Courtesy of John L. Scott, Inc.