1914 Ferry Ave SW Unit 1-9, Seattle, WA 98116

$2,200,000
4,500
SqFt

Listing courtesy of Sterling Johnston Real Estate.

List Price
$2,200,000
Status
ACTIVE
MLS#
1528030
Days on Market
38
Style
55 - 5-9 Units
Building Condition
['Good']
Finished SqFt
4,500
Lot Size (sq ft)
9,563

Property Description

Market Cap Rate 4.4% -Bayview Apartments-Seattle Sound View, Income Opportunity + Future Development, 9 units in West Seattle,captivating view of the Puget Sound&Downtown Seattle Skyline.Future appreciation. Professionally managed. Walk Score 86! Views of Downtown Seattle and Elliott Bay from select top-floor units, 8 parking spaces.Rent upside up to 10 to 12%, newer windows on the east and north sides of the building,LR3(M)-zoned lot can potentially develop into town homes or view apartments.

Additional Information

List Date
2019-10-10 00:00:00
Community
Admiral
Property Type
MULT
Units
9
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1956
Total Parking
8
Uncovered Parking
8
View
Bay, City, Mountain, Sound
Exterior
See Remarks
Roof
Composition
Site Features
Cable TV, Deck, Patio
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Elementary School
Lafayette
Middle School
Madison Mid
High School
West Seattle High
Total Monthly Income
$11,632
Gross Scheduled Income
$139,589
Vacancy Rate
4
Gross Adjusted Income
$139,005
Annual Taxes
$14,610
Tax Year
2019
Insurance Expense
$3,600
W/S/G Expenses
$19,252
Total Expenses
$52,997
Net Operating Income
$81,008
Gross Rent Multiplier
17
Cap Rate
3

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
510
Unit 1 Rent
$1,195
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
510
Unit 2 Rent
$1,150
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
510
Unit 3 Rent
$1,095
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
510
Unit 4 Rent
$1,295
Unit 5 Baths
1.00
Unit 5 Size
420
Unit 5 Rent
$1,095
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
510
Unit 6 Rent
$1,295
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