4725 38th Avenue South, Unit 14

Seattle, WA 98118

$1,500,000
Price
$1,500,000
Price
Studio
Beds
3,805 Sq. Ft.
$394 / Sq. Ft.
3,805
Sq. Ft.
$394
per Sq. Ft.

Property Details

StatusActive
MLS #1468044
Year Built1968
DOM104
Compass TypeMulti Family
MLS TypeMulti Family
Lot Size0.11 AC / 4,800 SF
Taxes$5,936 / year
Condo/Co-op Fees-
HOA Fees-
CountyKing County

Listing Agent

Contact Agent(s)

Property Details

Community Name
Columbia City
School District
Seattle
View
Territorial

Description

Come invest in one of Seattle's hippest locales at this Columbia City 4plex. Unique opportunity w potential rental upside w spacious units. Nearly $7700 in monthly income. 2 - 3 Bedroom/1.5 Bath units and 2- 2 Bedroom/1 Bath units. Long term owner. Updated roof & interior improvements as well. Walk to Light Rail Station for access to Downtown. Many neighborhoods amenities: PCC, El Sombrero, Pagliacci's, Starbucks, Island Soul & many more shops & restaurants within blocks. Zoned NC2-55 after MHA.

Listing Agent

  1. Albert D Clark

    Listing Agent

    Compass

Email All Agents

Building Information

Stories-Residences4Year Built1968Building Size-Lot Size0.11 AC / 4,800 SF

Payment Calculator

$6,539 per month

30 year fixed, 4.45% Interest

Principal and Interest

$6,045

Property Taxes

$495

HOA Dues

$0

Property Information for 4725 38th Avenue South, Unit 14

Summary
    Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Deck, Fenced-Partially
  • Area: 380 - Southeast Seattle
  • Elementary School: Orca (Columbia)
  • Junior High: Mercer Mid
  • Senior High: Franklin High
  • Effective Year Built: 1992
  • Directions: From Rainier Ave S. East on S Alaska St to 38th Ave S, South up hill to property on the right.
  • Leased Items: None
  • MLS Status: A
    Taxes and HOA Information
  • Tax Year: 2019
Interior and Exterior Features
    Interior Features
  • Floor Covering: Laminate Hardwood, Laminate Tile, Vinyl, Wall to Wall Carpet
  • New Construction: N
    Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
Property
    Utilities
  • Energy Source: Electric
  • Heating and Cooling: Wall
  • Sewer: Sewer Connected
  • Water Source: Public
  • Water/Sewer/Garbage: 7500
  • Power Company: Seattle City Light
  • Sewer Company: City of Seattle
  • Water Company: City of Seattle
    Property and Assessments
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Effective Year Built Source: Public Records
  • General Zoning Classification: Multi-Family
    Lot Information
  • Lot Details: Paved Street
  • Lot Size Source: KCR
  • Parcel Number: 3929900050
Multi Family
    Building Details
  • Total Number of Parking Spaces: 3
  • Number of Uncovered Spaces: 3
  • Number of Stories in Building: 2
  • Vacancy Rate: 3
    Financing / Income and Expenses
  • Electrical Expenses: $240
  • Total Expenses: $21,411
  • Gross Adjusted Income: $89,279
  • Gross Rent Multiplier: 18
  • Gross Scheduled Income: $92,040
  • Insurance Expenses: $3,800
  • Net Operating Income: $67,868
  • Other Expenses: 3935
  • Total Monthly Income: 7670
    Unit 1
  • Washer/Dryer Unit 1: N
  • Range/Oven Unit 1: Y
  • Refrigerator Unit 1: Y
  • Dishwasher Unit 1: Y
  • Rent Unit 1: $1,600
  • Bedrooms Unit 1: 2
  • Description Unit 1: 1
  • Bathrooms Unit 1: 1.0
    Unit 2
  • Washer/Dryer Unit 2: N
  • Range/Oven Unit 2: Y
  • Refrigerator Unit 2: Y
  • Dishwasher Unit 2: Y
  • Rent Unit 2: $2,220
  • Bedrooms Unit 2: 3
  • Bathrooms Unit 2: 1.5
  • Description Unit 2: 2
    Unit 3
  • Washer/Dryer Unit 3: N
  • Range/Oven Unit 3: Y
  • Refrigerator Unit 3: Y
  • Dishwasher Unit 3: Y
  • Rent Unit 3: $1,600
  • Bedrooms Unit 3: 2
  • Bathrooms Unit 3: 1.0
  • Description Unit 3: 3
    Unit 4
  • Washer/Dryer Unit 4: N
  • Range/Oven Unit 4: Y
  • Refrigerator Unit 4: Y
  • Dishwasher Unit 4: Y
  • Rent Unit 4: $2,250
  • Bedrooms Unit 4: 3
  • Bathrooms Unit 4: 1.5
  • Description Unit 4: 4

Property History for 4725 38th Avenue South, Unit 14

DateEvent & SourcePriceAppreciation
Jun 3, 2019Listed (Active)

NWMLS #1468044

$1,500,000
DateEvent & SourcePrice
06/03/2019
Listed (Active)

NWMLS #1468044

$1,500,000

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

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. No financial or legal advice provided. Equal Housing Opportunity.
Listing provided courtesy of Northwest MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer.