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For more information on this property, contact Chris Kallin at 2069996920 or chris@seattlebydesign.com

5047 Delridge Way SW
Seattle, Washington WA 98106
Sold For: $1,300,000
Listing ID 1983515
Status Closed
SqFt 3,884
Acres 0.114
Year Built 1997

Property Description:

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!

Primary Features

County: King
Property Sub Type: Multi-Family
Property Type: Residential Income
Subdivision: Delridge
Year Built: 1997

Interior

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

External

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

Location

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

Additional

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
Site Features: Fenced-Partially

Financial

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

Zoning Info


Based on information submitted to the MLS GRID as of Saturday, March 23rd, 2024 10:36:18 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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