609 N 48th St

Seattle, WA 98103

Status

SOLD

MLS#

1083309

Sold Price

$640,000

List Price

$639,000

Closing Date

May 15, 2017

Days on Market

33

Style

52 - Duplex

Building Condition

Good

Finished SqFt

1,000

Lot Size (sq ft)

1,750

Property Description

Well-maintained duplex in the heart of Fremont, two blocks from Woodland Park Zoo! Incredible rental history, current rents are under market. Top level features 2 bedrooms, lower level features studio. Each unit has washer/dryer, & tenants pay all utils. Perfect opportunity to Airbnb or live in while renting the other half. Lots of storage in the one-car garage. Don’t miss out on this highly rent-able location with easy access to 99, bus routes, & Seattle's best restaurants & bars!

Property Details

List Date

2017-03-08 00:00:00

Community

Fremont

Property Type

MULT

Units

2

Stories

2

Additional Information

Potential Terms

Cash Out, Conventional

Year Built

1934

Total Parking

1

Uncovered Parking

1

View

Territorial

Exterior

Metal/Vinyl

Roof

Composition

Site Features

Cable TV, Fenced-Partially, Gas Available, Patio

Lot Details

Curbs, Paved Street, Sidewalk

School District

Seattle

Financial Information

Total Monthly Income

$2,300

Gross Scheduled Income

$27,600

Gross Adjusted Income

$27,600

Annual Taxes

$4,272

Tax Year

2017

Insurance Expense

$411

W/S/G Expenses

$1,800

Total Expenses

$5,283

Net Operating Income

$26,589

Gross Rent Multiplier

23

Cap Rate

4

Approximate Room Dimensions

Unit 1 Baths

1.00

Unit 1 Size

410

Unit 1 Rent

$700

Unit 2 Beds

2

Unit 2 Baths

1.00

Unit 2 Size

590

Unit 2 Rent

$1,600

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Listing courtesy of Windermere RE/Capitol Hill,Inc. Selling Office: .

(206) 452-0713

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