1509 E Spruce St, Seattle, WA 98122

$900,000
2,820
SqFt

Listing courtesy of Coldwell Banker Bain. Selling Office: .

Sold Price
$900,000
List Price
$900,000
Status
SOLD
MLS#
1243179
Closing Date
Apr 26, 2018
Days on Market
19
Style
53 - Tri-plex
Finished SqFt
2,820
Lot Size (sq ft)
4,125

Property Description

Calling all creative thinkers & investors! Here’s your rare opportunity to own a well-loved 1902 triplex zoned LR2, just blocks from Seattle University & Seattle Central College. Incredible potential. Great bones & updated systems. Steady rental income, prime location. Short distance to streetcar, bus, & lightrail. Booming South Capitol Hill neighborhood with vibrant community of shops, restaurants, bars, and nightlife. Easy access to UW, International District, & downtown. What's your vision?

Additional Information

List Date
2018-02-22 00:00:00
Community
Capitol Hill
Property Type
MULT
Units
3
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1902
View
Territorial
Exterior
See Remarks
Roof
Composition
Site Features
['Deck', 'Fenced-Fully', 'Gas Available']
Lot Details
Curbs, Sidewalk
School District
Seattle
Total Monthly Income
$2,900
Gross Scheduled Income
$46,200
Vacancy Rate
30
Gross Adjusted Income
$31,925
Annual Taxes
$5,956
Tax Year
2017
Insurance Expense
$710
W/S/G Expenses
$2,015
Total Expenses
$8,681
Net Operating Income
$37,519
Gross Rent Multiplier
19
Cap Rate
4

Room Dimensions

Unit 1 Baths
1.00
Unit 1 Size
330
Unit 1 Rent
$1,050
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
520
Unit 2 Rent
$1,300
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
920
Unit 3 Rent
$1,600

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

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