Bought with WPI Real Estate Services, Inc.
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817 Martin Luther King Jr WAY Seattle, WA 98122
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Key Details
Sold Price $1,040,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,810 sqft
Price per Sqft $370
Subdivision Madrona
MLS Listing ID 1643932
Style 55 - 5-9 Units
Year Built 1981
Annual Tax Amount $8,853
Lot Size 7,800 Sqft
Property Description
Multi tenant,rooming house! Cash Flow, 5.5% Cap Rate, 4 individually rented rooms,1 studio+one-bath apartment and a three-bedroom/one-bathroom* apartment,Residents of the individual rooms share 1.75 bathrooms, a common washer/dryer, and a huge fenced yard. Additionally,two private patios,five off-street parking spaces.The property is easily managed via online tenant portal that handles maintenance requests, rent collection, and tenant screening. Potential upside income opportunities.
Location
State WA
County King
Area 390 - Central Seattle
Interior
Flooring Laminate, Vinyl, Carpet
Exterior
Exterior Feature Wood
Utilities Available Cable Connected, Sewer Connected, Electric
Amenities Available Cable TV, Deck, Patio
View Y/N No
Roof Type Composition
Building
Lot Description Curbs, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
School District Seattle
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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