NOT LISTED FOR SALE
7 Beds
7 Baths
4,516 Sq Ft
3,966 Sq Ft Lot

Last Sold December 13, 2012

Last sale price $997,000 $221 Per Sq Ft

11 Days on Market

About This Home

As of December 2012

Do not disturb tenants. Rare Alki 5 Unit with lots of on-site parking. Deceptively large on the inside and all units have nice views with private decks or patios. Corner location provides a special ability to add, modify or design this property to fit ones desires. This is an ideal opportunity to purchase an investment property in an exceptional location that boast spectacular views, enviable lifestyle, along an Alki strip that will continue to have a restricted supply of apartment rentals.

Last Listed By

David Petersen

Westlake Associates, Inc. License #7352 Listed on: 08/02/2012

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 389528

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,355

Year Built

  • Built in 1948

Lot Details

  • 3,966 Sq Ft Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 4,516 Sq Ft Home
  • 3-Story Property

Parking

  • 7 Parking Spaces
  • 1 Covered Space
  • Open Parking

Community Details

  • Alki Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0913000070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,355

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1948
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 4516
  • Special Features: None
  • Cumulative Days on Market: 244

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 7417

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 0913000070
  • Lot Size Acres: 0.091
  • Lot Size Sq Ft: 3966
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 6245

Multi Family

  • Gross Scheduled Income: 74940
  • Net Operating Income: 53566
  • Number Of Units Total: 5
  • Insurance Expense: 1098
  • Leasable Area: 4516
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2012
  • Tax Annual Amount: 8355

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2012 12/13/12 Sold $997,000 -6.8% $221 / Sq Ft
08/14/2012 08/14/12 Pending -- -- --
08/02/2012 08/02/12 For Sale $1,070,000 -- $237 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 389528

Northwest Multiple Listing Service (NWMLS)