6553 42nd Avenue SW, Seattle WA, 98136
(Pending)
$950,000
|
3,460 sqft
|
MLS# 2222226
Last Updated: 4/29/2024 9:52 PM
Description for
6553 42nd Avenue SW
Seattle, WA 98136
Investor Alert! Profitable investment opportunity in the heart of The vibrant Morgan Junction neighborhood of West Seattle. Two 2bed/1bath units on main floor and two 1bed/1bath units on lower level. Large deck w/westerly mountain & sound view. Garage for 2 cars plus off-street parking for 2 more cars. Alley/street access. Walk/bike to everything West Seattle has to offer. 85 walk score. Long-term tenants, low vacancies and low turnover. Significant rental upside as rents are low. The cap rate is currently sitting at 5.62%, but could be higher if an investor wants to upscale the units or get creative with shorter-term (AirBNB), higher rent leases. Zoned LR2 for future development options.
Price
$950,000
Gatewood
King
3,460 (approx)
2222226
Pending
Description
Investor Alert! Profitable investment opportunity in the heart of The vibrant Morgan Junction neighborhood of West Seattle. Two 2bed/1bath units on main floor and two 1bed/1bath units on lower level. Large deck w/westerly mountain & sound view. Garage for 2 cars plus off-street parking for 2 more cars. Alley/street access. Walk/bike to everything West Seattle has to offer. 85 walk score. Long-term tenants, low vacancies and low turnover. Significant rental upside as rents are low. The cap rate is currently sitting at 5.62%, but could be higher if an investor wants to upscale the units or get creative with shorter-term (AirBNB), higher rent leases. Zoned LR2 for future development options.
Listing Information
| Property Type: Fourplex, Multi-Family, 2 Story | ||
| 0.14 Acres | 3,460 (approx) | 1963 |
| 2 | Brick,Wood | Multi-Family |
Gatewood
Public
Sewer Connected
Neighborhood
School Information
| District: Seattle | ||
Room Information
Interior Features
Hardwood, Ceramic Tile, Vinyl, Carpet
None
Electric Heating,
Baseboard
Ceramic Tile,Hardwood,Wall to Wall Carpet
Exterior / Lot Features
4 Parking Spaces,
Wood, Brick
Deck, Patio
Composition
Mountain
50 x 124
Curbs,Paved,Sidewalk,Value In Land
Driving Directions
GPS is accurate.
Financial Considerations
| 2719100025 |
| $8,800 |
Conventional
Listing Price History
Seattle Real Estate
Seattle is located in Washington. Seattle, Washington 98136 has a population of 758,862.
The median household income in Seattle, Washington 98136 is $121,361. The median household income for the surrounding county is $102,088 compared to the national median of $66,222. The median age of people living in Seattle 98136 is 41 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/25/2024 | Pending | $950,000 USD |
|
| 4/16/2024 | Active | $950,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $8,369 USD | - | $907,000 USD | - |
| 2022 | $8,369 USD | 13.74% | $907,000 USD | 30.50% |
| 2021 | $7,358 USD | 0.73% | $695,000 USD | - |
| 2020 | $7,305 USD | 12.16% | $695,000 USD | 0.14% |
| 2019 | $6,513 USD | 2.04% | $694,000 USD | - |