4200 SW Manning Street
Seattle,
WA $2,890,000
Essex Apts is a stunning 10-unit classic cottage brick apartment building that has been completely renovated to enhance the existing old world charm. The units have all been efficiently modified with the addition of a bonus second bedroom or den. All units have access from a front and back door. There are 7 detached garages and additional storage for the building. Coved ceilings, arched doorways, oak flooring and mahogany woodwork. Updates include new plumbing and electrical services, windows and updated lighting throughout. Washers and dryers in-unit, granite countertops in the kitchens and new cabinetry.
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Listing ID1797991
Sold For$2,890,000$360K
StatusClosed
Sold Date2/17/2022
SqFt
6,808
Acres
0.287
CountyKing
SubdivisionWest Seattle
Year Built1928
Property TypeResidential Income
Property Sub TypeMulti-Family
County
King
Price Before Reduction
3250000
Price Reduction Date
2021-07-29T21:58:48+00:00
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
West Seattle
Year Built
1928
Building Area Units
Square Feet
Flooring
Hardwood, Vinyl, Carpet
Furnished
Unfurnished
Heating Cooling Type
Baseboard
Interior Features
Hardwood, Wall to Wall Carpet
Living Area Units
Square Feet
Stories Total
1
Covered Spaces
7
Elevation Units
Feet
Exterior Features
Brick, Wood
Lot Features
Corner Lot, Sidewalk
Lot Size Square Feet
12500
Lot Size Units
Square Feet
MLS Lot Size Source
King County
Number Of Units Total
10
Parking Total
7
Roof
Composition
Sewer
Sewer Connected
Structure Type
Multi Family
Style Code
56 - 10+ Units
Units Below Grade
false
Units In Building Total
10
Utilities
Sewer Connected, Electricity Available
Water Sewer Garbage
11757
Building Area Total
6808
Country
US
High School District
Seattle
MLS Area Major
140 - West Seattle
Waterfront
no
Zoning Class
Multi-Family
Zoning Jurisdiction
City
Mls Status
Sold
Offers
Seller intends to review offers upon receipt
Possible Use
Multi-Family
Power Production Type
Electric
Preliminary Title Ordered
no
Show Map Link
yes
Buyer Financing
Cash
Cap Rate
4.67
Gross Adjusted Income
216657
Gross Rent Multiplier
13
Gross Scheduled Income
228060
Insurance Expense
3850
Leasable Area
6808
Leasable Area Units
Square Feet
Leased Items
None
Net Operating Income
144882
Other Expense
33132
Possession
Closing
Sale Type
MLS
Seller Disclosure
Not Provided
Special Listing Conditions
None
Tax Annual Amount
23036
Tax Year
2021
Total Expenses
71775
Total Monthly Income
19005
Vacancy Rate
11403
Schedule a Showing - Listing ID 1797991
Schedule a Showing
Schedule a Showing - Listing ID 1797991
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