5047 Delridge Way SW
Seattle,
WA $1,300,000
Lots of opportunities here with this Delridge Fourplex with large 3 and 4 bedroom units. Each unit has a nice size kitchen with a washer and dryer included. Bus lines right in front make it an ideal spot for occupants to get downtown or to nearby parks and shopping. Large lot with parking spaces on the rear side of the building plus additional front street parking. The property is zoned LR2 (M) so there’s development potential or simply rent it out. This is the investment opportunity you have been looking for!
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Listing ID1983515
Sold For$1,300,000
StatusClosed
Sold Date9/23/2022
SqFt
3,884
Acres
0.114
CountyKing
SubdivisionDelridge
Year Built1997
Property TypeResidential Income
Property Sub TypeMulti-Family
County
King
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
Delridge
Year Built
1997
Building Area Units
Square Feet
Flooring
Ceramic Tile, Hardwood, Vinyl, Carpet
Furnished
Unfurnished
Heating Cooling Type
Baseboard
Interior Features
Ceramic Tile, Hardwood, Wall to Wall Carpet
Living Area Units
Square Feet
Stories Total
3
Elevation Units
Feet
Exterior Features
Stucco, Wood
Foundation Details
Poured Concrete
Lot Features
Alley, Curbs, Paved, Sidewalk
Lot Number
12
Lot Size Square Feet
4968
Lot Size Units
Square Feet
MLS Lot Size Source
Realist
Number Of Units Total
4
Open Parking Spaces
4
Parking Total
4
Parking Uncovered Spaces
4
Roof
Composition
Sewer
Sewer Connected
Sewer Company
City of Seattle
Structure Type
Quadruplex
Style Code
54 - 4-Plex
Units Below Grade
true
Units In Building Total
4
Utilities
Sewer Connected, Electricity Available
Water Company
City of Seattle
Water Sewer Garbage
9203
Water Source
Public
Block
23
Building Area Total
3884
Building Name
Cottage Grove #2
Country
US
Elementary School
Fairmount Park
High School
West Seattle High
High School District
Seattle
Middle Or Junior School
Madison Mid
MLS Area Major
140 - West Seattle
View
Territorial
Waterfront
no
Zoning Class
Multi-Family,See Remarks
Zoning Jurisdiction
City
Amenities
Fire Sprinklers
First Right Of Refusal
no
Mls Status
Sold
Offers
Seller intends to review offers upon receipt
Possible Use
Multi-Family, See Remarks
Power Company
Seattle City Light
Power Production Type
Electric
Preliminary Title Ordered
yes
Property Condition
Good
Show Map Link
yes
Site Features
Fenced-Partially
Buyer Financing
Conventional
Cap Rate
4.71
Gross Adjusted Income
91897
Gross Rent Multiplier
13.57
Gross Scheduled Income
95820
Insurance Expense
1016
Leasable Area
3783
Leasable Area Units
Square Feet
Leased Items
None
Net Operating Income
62196
Other Expense
10115
Possession
See Remarks, Tenant's Rights
Sale Type
MLS
Seller Disclosure
Provided
Special Listing Conditions
None
Tax Annual Amount
9457
Tax Year
2022
Total Expenses
29791
Total Monthly Income
7985
Vacancy Rate
4
Schedule a Showing - Listing ID 1983515
Schedule a Showing
Schedule a Showing - Listing ID 1983515
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