2603 14th Ave W

    Seattle, WA 98119
    • $1,470,000
    • STATUS: Active
    • ON SITE: 67 days
    • ID#: 1398637
    UPDATED: 34 min ago
    $1,470,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,246
      SQFT
    • $453
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Re/Max Metro Realty, Inc..

    Description

    Former 4-plex turned into a triplex w/large owners unit on main/top floor (2 units converted to 1 in 1970's/80's) w/sweeping views of the Sound. Layout is large 2 bed/2 bath on top floor (#2303), 1/1 on 2nd floor -2301 & studio/1 bath on 2nd floor-2307. Ground floor is ALL storage w/coin-op w/d for units 2&3. 3 parking spots. Wonderful opportunities await - covert back to 4-plex (huge upside on cap rate), update existing triplex or land bank & build? Zoned LR3. Stable renters and never vacant.

    Monthly Payment Calculator

    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 Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-03-19T21:15:24.133.

    www.costelloteam.com/homes/90764769

    2603 14th Ave W Seattle, WA 98119

    • Price: $1,470,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: 1398637
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,246
    SQFT
    $453
    $/SQFT
    1956
    Built
    Neighborhood:
    Queen Anne
    County:
    King
    Area:
    Queen Anne/Magnolia
    School District:
    Seattle
    Property Description
    Former 4-plex turned into a triplex w/large owners unit on main/top floor (2 units converted to 1 in 1970's/80's) w/sweeping views of the Sound. Layout is large 2 bed/2 bath on top floor (#2303), 1/1 on 2nd floor -2301 & studio/1 bath on 2nd floor-2307. Ground floor is ALL storage w/coin-op w/d for units 2&3. 3 parking spots. Wonderful opportunities await - covert back to 4-plex (huge upside on cap rate), update existing triplex or land bank & build? Zoned LR3. Stable renters and never vacant.
    Exterior Features

    Building Condition Average Carport Spaces 0 Exterior BrickWood Foundation Poured Concrete Garage Spaces 0 Lot Details Paved StreetSidewalk Roof Composition Stories In Building 3 Style 53 - Tri-plex Total Parking Spaces 3 Uncovered Spaces 3 View Golf CourseMountainSoundTerritorial

    Interior Features

    Floor Covering HardwoodVinylWall to Wall Carpet Heating And Cooling Radiator Unit1 Bathrooms 2.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 1 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 1896 Unit1 Washer Dryer Y Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Dishwasher N Unit2 Fireplaces 1 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 700 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 650 Unit3 Washer Dryer N Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Fireplaces 0 Unit4 Sq Ft 0 Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Amenities BasementCoin Op LaundryStorageThermal Windows Bank Owned No Cap Rate 3.20 Electrical Expenses 0 Energy Source Oil EPSEnergy 0 Form17 Exempt General Zoning Classification Multi-Family Gross Adjusted Income 65400 Gross Rent Multiplier 23 Gross Scheduled Income 65400 Heating Expenses 2000 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1600 Leased Items None Net Operating Income 47644 New Construction YN No Other Expenses 0 Possession Sub. Tenant's Rights Power Company Seattle City Light Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Seattle Site Features Cable TVDeckFenced-PartiallyGas AvailableShop Tax Amount 10656 Tax Year 2018 Terms Cash OutConventionalFHAVA Third Party Approval Required None Total Expenses EXP 17756 Total Expenses TEX 17756 Total Monthly Income 5450 Unit1 Monthly Rent 2500 Unit2 Monthly Rent 1550 Unit3 Monthly Rent 1400 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 0 Water Company City Of Seattle Water Sewer Garbage 3500 Water Source Public Zoning Jurisdiction City

    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 Costello Team | Windermere Real Estate 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 Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-03-19T21:15:24.133.

     
    Costello Team | Windermere Real Estate
    100 116th Ave SE
    Bellevue WA, 98004
    Listing Courtesy of Re/Max Metro Realty, Inc..