3901 Martin Luther King Jr Wy S

    Seattle, WA 98108
    • $1,900,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: 1517480
    UPDATED: 56 min ago
    $1,900,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,344
      SQFT
    • $259
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Westlake Associates, Inc..

    Description

    MLK Flats is well situated between the Mount Baker and Columbia City Light Rail stations and is convenient to Downtown Seattle Shopping, Restaurants, Amazon, Google and Facebook. Three units have been updated with in unit washer and dryer (Units 2, 6 and 8). Other units have been updated with fresh paint and cabinets. The former laundry room space has been demoed to add a tenth unit. Building is fully leased and under professional property management.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than TRI STAR Team | RE/MAX NW are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-09-22T20:14:49.937.

    www.tristarteamre.com/homes/98839829

    3901 Martin Luther King Jr Wy S Seattle, WA 98108

    • Price: $1,900,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: 1517480
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    7,344
    SQFT
    $259
    $/SQFT
    1963
    Built
    Neighborhood:
    Jefferson Park
    County:
    King
    Area:
    S. Dwtwn Seattle (SODO)/Beacon Hill
    School District:
    Seattle
    Property Description
    MLK Flats is well situated between the Mount Baker and Columbia City Light Rail stations and is convenient to Downtown Seattle Shopping, Restaurants, Amazon, Google and Facebook. Three units have been updated with in unit washer and dryer (Units 2, 6 and 8). Other units have been updated with fresh paint and cabinets. The former laundry room space has been demoed to add a tenth unit. Building is fully leased and under professional property management.
    Exterior Features

    Carport Spaces 8 Exterior BrickWood Foundation Poured Concrete Garage Spaces 0 Roof Composition Stories In Building 3 Style 55 - 5-Plex Total Parking Spaces 8 Uncovered Spaces 0

    Interior Features

    Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Fireplaces 0 Unit1 Sq Ft 550 Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Fireplaces 0 Unit2 Sq Ft 550 Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Sq Ft 550 Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Fireplaces 0 Unit4 Sq Ft 550 Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Fireplaces 0 Unit5 Sq Ft 790 Unit6 Bathrooms 1.00 Unit6 Bedrooms 1 Unit6 Fireplaces 0 Unit6 Sq Ft 550 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 5.22 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided Gross Adjusted Income 139001 Gross Rent Multiplier 13 Gross Scheduled Income 144177 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3500 Leased Items None Net Operating Income 99262 New Construction YN No Other Expenses 17700 Possession Closing Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 7939 Tax Year 2019 Terms Cash Out Third Party Approval Required None Total Expenses EXP 39739 Total Expenses TEX 39739 Total Monthly Income 14377 Unit1 Monthly Rent 1100 Unit2 Monthly Rent 1275 Unit3 Monthly Rent 1200 Unit4 Monthly Rent 1395 Unit5 Monthly Rent 1495 Unit6 Monthly Rent 1195 Vacancy Rate 3 Water Sewer Garbage 10600

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by TRI STAR Team | RE/MAX NW and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than TRI STAR Team | RE/MAX NW are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-09-22T20:14:49.937.

     
    TRI STAR Team | RE/MAX NW
    300 NE 97th Street
    Seattle WA, 98115
    Listing Courtesy of Westlake Associates, Inc..