1493 S Columbian Wy, Seattle, WA 98144

$1,100,000
3,460
SqFt

Listing courtesy of John L. Scott - KMS Renton.

List Price
$1,100,000
Status
ACTIVE
MLS#
1392109
Days on Market
8
Style
54 - 4-Plex
Building Condition
['Fixer']
Finished SqFt
3,460
Lot Size (sq ft)
6,490

Property Description

Conveniently located Four Plex on Beacon Hill of Seattle. Bus lines in front of property, minutes to downtown Seattle, China Town, I-5, SODO and many more. Approved plans for 7 unit condo complex and preliminary plans for 2 townhomes. Currently Upper units are 2 bed/1 bath with assigned garage, fireplace, deck with views. Lower units are studios. All have washer and dryer. VALUE is in the LAND.

Additional Information

List Date
2018-12-05 00:00:00
Community
Beacon Hill
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1959
Total Parking
4
Uncovered Parking
2
View
City, Territorial
Exterior
Brick, Wood
Roof
Torch Down
Site Features
Deck
Lot Details
Dead End Street, Paved Street, Sidewalk, Value In Land
School District
Seattle
Total Monthly Income
$2,450
Gross Scheduled Income
$29,400
Vacancy Rate
50
Gross Adjusted Income
$29,400
Annual Taxes
$5,140
Tax Year
2017
Insurance Expense
$1,793
W/S/G Expenses
$3,446
Total Expenses
$17,562
Net Operating Income
$17,562
Gross Rent Multiplier
37
Cap Rate
15

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Rent
$700
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Rent
$750
Unit 3 Baths
1.00
Unit 3 Rent
$500
Unit 4 Baths
1.00
Unit 4 Rent
$500
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