1489 S Columbian Wy, Seattle, WA 98144

$839,000
2,760
SqFt

Listing courtesy of Sterling Johnston Real Estate.

List Price
$839,000
Status
ACTIVE
MLS#
1382484
Days on Market
11
Style
52 - Duplex
Finished SqFt
2,760
Lot Size (sq ft)
5,740

Property Description

Redevelopment Opportunity on popular Beacon Hill! LR2 zoning with preliminary plans available for 10 units or 6 townhouse row apartments. Walk to Jefferson Park, Light Rail station, restaurants and shopping. Quick access to downtown Seattle, I-90 & I-5 access ramps. All three units rented. Income until you're ready to build!

Additional Information

List Date
2018-11-08 00:00:00
Community
Beacon Hill
Property Type
MULT
Units
3
Stories
2
Potential Terms
Cash Out, Conventional, Rehab Loan
Year Built
1956
Total Parking
4
Uncovered Parking
4
Exterior
Brick, Wood
Roof
Flat
Site Features
['Deck', 'Fenced-Partially', 'Patio']
School District
Seattle
Total Monthly Income
$3,700
Gross Scheduled Income
$44,400
Gross Adjusted Income
$44,400
Annual Taxes
$5,561
Tax Year
2018
Insurance Expense
$847
W/S/G Expenses
$3,007
Total Expenses
$11,232
Net Operating Income
$33,168
Gross Rent Multiplier
19
Cap Rate
4

Room Dimensions

Unit 1 Size
510
Unit 1 Rent
$900
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
1380
Unit 2 Rent
$1,550
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
870
Unit 3 Rent
$1,250
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