8116 Delridge Way Southwest
8116 Delridge Way Southwest
Seattle, WA 98106
$907,000
Last Sold Price
6
Beds
6.5
Baths
2,350 Sq. Ft.
$386 / Sq. Ft.
2,350
Sq. Ft.
$386
per Sq. Ft.
Sold 10/26/21
Sold 10/26/21
Listing provided courtesy of John L. Scott, Inc., RSVP Real Estate-ERA Powered
Description
Actual cap rate of 5.2% and potential to add 2 additional units! Wonderful investment opportunity in this well managed Duplex in great West Seattle Rental Market! Enjoy great cash flow.. Steady tenants and low historical vacancy make this the perfect investment to add to or start a rental portfolio. Seller prefers to sell all three together but open to individual building sales. Please do not drive onto property or disturb tenants.Actual cap rate of 5.2% and potential to add 2 additional units! Wonderful investment opportunity in this well managed Duplex in great West Seattle Rental Market! Enjoy great cash flow.. Steady tenants and low historical vacancy make this the perfect investment to add to or start a rental portfolio. Seller prefers to sell all three together but open to individual building sales. Please do not drive onto property or disturb tenants.
- Listed by Naushad Ali • John L. Scott, Inc.
- Listed by James McPherson • John L. Scott, Inc.
Property Details for 8116 Delridge Way Southwest
Community Name
Delridge
School DistrictSeattle
Number of Assigned Spaces2
Total Covered Parking2
Offers Review Date06-16-2021
Entry Date06-08-2021
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of John L. Scott, Inc.![]()
Sold By RSVP Real Estate-ERA Powered
Add your commute
LISTING UPDATED: 10/28/2021 01:03 PM
Property Details for 8116 Delridge Way Southwest
| Status | Sold |
|---|---|
| MLS # | 1787887 |
| Days on Market | 98 |
| Cumulative Days on Market | 98 |
| Taxes | $5,503 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2010 |
| Lot Size | 0.06 AC / 2,543 SF |
| County | King County |
Location
Listing Courtesy of John L. Scott, Inc.![]()
Sold By RSVP Real Estate-ERA Powered
Add your commute
Building Information for 8116 Delridge Way Southwest
Stories3Residences2Year Built2010Building Size-Lot Size0.06 AC / 2,543 SF
Payment Calculator
$5,408 per month
30 year fixed, 7.25% Interest
Principal and Interest
$4,950
Property Taxes
$459
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 8116 Delridge Way Southwest
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Cable TV, Deck
- Area: 140 - West Seattle
- Directions: Delridge Way to Property. Follow GPS.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2020
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 0.0
- Open Parking: No
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Laminate, Carpet
- Fireplace: No
- Heating: Yes
- FIRPTA: No
Exterior Features
- Exterior: Cement Planked
- Roof: Composition
Property
Utilities
- Electric On Property: No
- Heating and Cooling: Baseboard
- Water Source: Public
- Water/Sewer/Garbage: 389
- Power Production Type: Electric
- Utilities: Cable Connected, Sewer Connected, Electricity Available
Property and Assessments
- New Construction YN: No
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 4
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Size Source: Realist
- Parcel Number Free Text: 4302700126
- Calculated Square Footage: 2350
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2350.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 0
- Number of Stories in Building: 3
- Vacancy Rate: 5
- Number Of Units Total: 2
- Units Below Grade: false
- Units In Building Total: 2
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 6515
- Gross Adjusted Income: 55176
- Gross Rent Multiplier: 16
- Gross Scheduled Income: $58,080
- Insurance Expense: $623
- Net Operating Income: $48,661
- Other Expenses: $0
- Total Monthly Income: 4840
- Fuel Expense: $0
Unit 1
- Name Unit 1: A
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1175
- Rent Unit 1: $2,420.00
- Bedrooms Unit 1: 3
- Bathrooms Unit 1: 3
Unit 2
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 1175
- Rent Unit 2: $2,420.00
- Bedrooms Unit 2: 3
- Bathrooms Unit 2: 3
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2350.0
- Leasable Area Units: Square Feet
Property History for 8116 Delridge Way Southwest
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 8116 Delridge Way Southwest
Taxable ValueLand$228,000Additions$532,000Total$760,000
Tax Record2022$6,546 ($545 / month)
Home Facts
Baths6Total Finished SqFt2,760 SqFtAbove Ground SqFt2,350 SqFtFinished Basement SqFt410 SqFtStories2Lot Size2,543 SqFtStyleDuplexYear Built2010ZoningLR1 (M)CountyKINGAPN430270-0126
Schools near 8116 Delridge Way Southwest
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 |
|---|---|---|
Highland Park Elementary School PublicPK to 5 | ||
Denny Middle School Public6 to 8 | ||
Chief Sealth High School Public9 to 12 | ||
Louisa Boren STEM K-8 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.
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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 John L. Scott, Inc.
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.