LISTING DETAILS

Leschi 4-Plex

242 32nd Ave Seattle WA 98122

Listing #: 642733 | Status: Available | Last Modified: 11/15/2021

Dining
Showing Instructions
Call Listing AgentYes
Use DiscretionYes
Investment Information
Investment PropYes
Gross Income87,600
Vacancy Factor %3.00%
Operating Expenses20,061
Net Operating Income64,911
CAP Rate1.23 %
GRM19.32
Annual Expense Information
Expense Year2020
Real Estate Taxes$ 11,256
+Personal Prop Taxes$ 0
+Account/Legal$ 0
+Advertising$ 0
+Insurance$ 1,268
+Electricity$ 0
+Water/Sewer$ 4,437
+Trash$ 0
+Prof. Mgr$ 0
+Res. Mgr$ 0
+Maintenance$ 3,100
+Supplies$ 0
+Other Expenses$ 0
=Total Exp.$ 20,061
Reserves$ 0
Annual Operating Information
Gross Sch Rents$ 82,800.00
Vacancy $$ 2,628.00
Vacancy %0.00%
+Laundry Income$ 900
+Advertising$ 0
+Parking Income$ 0
+Other Income$ 3,900
=Effective Gross$ 84,972
-Total Expenses$ 20,061
=NOI$ 64,911
Financial Summary
CAP Rate1.234
GRM$ 19.32
$/SF/YR$ 0.00
$/Unit$ 400,000.00
Expense/Unit$ 5,015.25
Asset Class Information
# Units4
Beds/Baths1Bed/1Bath
Avg SqFT720
Building Information
Building StatusExisting
# of Buildings1
# of Floors2
# of Units4
Total Building SF2,756 SF
Net Rentable Area2,756 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF5,520 SF
Acres0.13
Year Built1907
Roof TypeFlat
Construction TypeFramed, Wood
Property Type
Property TypeMulti-Family
InvestmentYes
Location
CountyKing
VicinityLeschi
Location DescriptionNear Leschi Elementary
Market AreaCapitol Hill/First Hill
Tax ID #786170000
ZoningSF 5000
Parking Information
#Covered Spaces0
# Uncovered Spaces0
Total Parking Spots0

Showing Instructions

Tenants unaware of sale - Please do not disturb Tenants. Showings by appointment only. Contact Listing Agent.

Public Comments

This fourplex is a timeless building with light filled units on a quiet street in one of Seattleā€™s most desirable neighborhoods. The units have high ceilings with beautiful bay windows in living and dining rooms. The units have beautiful old-world charm, original wood detail, hardwood floors and claw foot tubs. The original large pocket doors separate the living room and dining rooms which offer flexible living quarters for potential roommate situations with both front and back door entrances. The units are spacious with separation from neighbors, ideal for working from home. All have designated storage closets located outside their back doors that would be perfect for adding individual laundry. The building is already four separate tax parcels for an easy condo conversion in the future.

Public Building Comments

Super rare 1907 4plex built in a residential neighborhood. One block to Leschi Elementary. Spacious units. Some updates with period fixtures and hardwood floors. All four units laid out the same with grand central staircase. Two off-street parking spaces

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Condo

Leschi 4-Plex
242 32nd Ave Seattle WA 98122

Listing #: 642733 | Status: Available | Listing Date: 8/17/2021 | Last Modified: 11/15/2021 | Email Listing

For Sale

Leschi 4-Plex

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