10015 17th Place South

Seattle, WA 98168

$1,200,000
Price
7
Beds
4
Baths
3,016 Sq. Ft.
$398 / Sq. Ft.
3,016
Sq. Ft.
$398
per Sq. Ft.

Description

Enjoy great cash flow and low vacancy rates, making it an ideal investment opportunity. Two units updated/remodeled 2022, new 20 year TPO roof in 2019, newer electric panels, updated plumbing, each unit offers ductless heating and cooling, ensuring tenant satisfaction and ease of management. Two covered parking spaces plus 5 additional parking spaces, plus storage. Tenants are on a month-to-month leases, easy access to freeways, just 5 minutes from Boeing Museum of Flight and 3 minutes from Rainer...Enjoy great cash flow and low vacancy rates, making it an ideal investment opportunity. Two units updated/remodeled 2022, new 20 year TPO roof in 2019, newer electric panels, updated plumbing, each unit offers ductless heating and cooling, ensuring tenant satisfaction and ease of management. Two covered parking spaces plus 5 additional parking spaces, plus storage. Tenants are on a month-to-month leases, easy access to freeways, just 5 minutes from Boeing Museum of Flight and 3 minutes from Rainer Golf and Country Club. This property is a standout choice for investors seeking a reliable income stream.
  1. Listed by Todd Fahlman • Realty One Group Orca

Property Details for 10015 17th Place South

Community Name
Boulevard Park
School District
Highline
View
Bay, Territorial
Number of Assigned Spaces
7
Total Covered Parking
0
Entry Date
03-21-2024
Energy Source
Electric
Sewer
Sewer Connected

Location

Listing Courtesy of Realty One Group Orca
Add your commute
LISTING UPDATED: 04/17/2024 10:52 AM

Property Details for 10015 17th Place South

StatusActive
MLS #2213224
Days on Market37
Cumulative Days on Market37
Taxes$8,596 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.15 AC / 6,675 SF
CountyKing County

Location

Listing Courtesy of Realty One Group Orca
Add your commute

Building Information for 10015 17th Place South

Stories2Residences4Year Built1962Building Size-Lot Size0.15 AC / 6,675 SF

Payment Calculator

$7,265 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$716

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 10015 17th Place South

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Deck, Fenced-Partially
  • Area: 130 - Burien/Normandy Park
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Effective Year Built Source: Public Records
  • Directions: From WA-99 take the Des Moines Dr./14th Ave S exit. Merge onto Des Moines Memorial Dr, turn Left on 17th Pl, second building on the left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 2.0
  • Carport: No
  • Open Parking Spaces: 5.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Floor Covering: Laminate, Carpet
  • Features: Laminate Hardwood, Wall to Wall Carpet
  • Amenities: Storage,Thermal Windows
  • Cooling: Yes
  • Cooling: Ductless HP-Mini Split
  • Fireplace: No
  • Heating: Yes
  • Heating: Ductless HP-Mini Split, Heat Pump
  • FIRPTA: No
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: See Remarks
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 7188
  • Power Company: Seattle City Light
  • Sewer Company: Valley View
  • Water Company: Valley View
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • Construction Methods: Standard Frame
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: King County Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1962
  • Photos Count: 10
Lot Information
  • Lot Details: Dead End Street, Paved, Secluded
  • Lot Size Dimensions: 20x134x91x128
  • Lot Number: 45
  • Lot Size Source: 6675
  • Parcel Number Free Text: 5624200775
  • Building Condition: Good
  • Calculated Square Footage: 3016
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3016.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Number of Uncovered Spaces: 5
  • Number of Stories in Building: 2
  • Vacancy Rate: 1
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $600
  • Total Expenses: 17584
  • Gross Adjusted Income: 82200
  • Gross Rent Multiplier: 14.59
  • Gross Scheduled Income: $82,200
  • Insurance Expense: $1,200
  • Net Operating Income: $64,616
  • Other Expenses: $0
  • Total Monthly Income: 6850
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 10028
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 650
  • Rent Unit 1: $1,750.00
  • Bedrooms Unit 1: 1
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 10032
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 780
  • Rent Unit 2: $1,750.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 10034
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 790
  • Rent Unit 3: $1,500.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 10030
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 790
  • Rent Unit 4: $1,850.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3016.0
  • Leasable Area Units: Square Feet

Property History for 10015 17th Place South

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 10015 17th Place South

Taxable ValueLand$116,800Additions$593,200Total$710,000
Tax Record2022$8,596 ($716 / month)
Home Facts
Total Finished SqFt3,016 SqFtAbove Ground SqFt3,016 SqFtStories2Lot Size6,675 SqFtStyleMulti-Family Dwelling (2-4)Year Built1962Year Renovated1985ZoningR24CountyKINGAPN562420-0775

Schools near 10015 17th Place South

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 8
Rating
School
Distance
Concord Elementary School
PublicPK to 5

Denny Middle School
Public6 to 8

Chief Sealth High School
Public9 to 12

The New School At South Shore
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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10015 17th Place South is a multi-family home for sale in Seattle, WA 98168. This property was listed for sale on March 21, 2024 by Realty One Group Orca, it's currently listed at $1,200,000. It has been on the market for a total of 37 days and was last sold on June 11, 2018. This listing's school district is Seattle Public Schools. Nearby schools include Concord Elementary School, Denny Middle School and Chief Sealth High School. 10015 17th Place South is a 7-bed, 4-bath, 3,016 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty One Group Orca

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.