8116 Delridge Way Southwest

Seattle, WA 98106

$925,000
Price
Beds
2,350 Sq. Ft.
$394 / Sq. Ft.
2,350
Sq. Ft.
$394
per Sq. Ft.

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 as is or continue to create significant equity and upside by purchasing together with 8118 and 8120 Delridge and addiing units (buyer to verify with city). 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...

Property Details for 8116 Delridge Way Southwest

Community Name
Delridge
School District
Seattle
Year Built Numeric
2010
Offers Review Date
06-16-2021

Location

Listing Courtesy of John L. Scott, Inc.

Property Details for 8116 Delridge Way Southwest

StatusActive
MLS #1787887
Days on Market53
Taxes$5,503 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built2010
Lot Size0.06 AC / 2,543 SF
CountyKing County

Contact a Compass agent

Location

Listing Courtesy of John L. Scott, Inc.

Building Information for 8116 Delridge Way Southwest

Stories-Residences2Year Built2010Building Size-Lot Size0.06 AC / 2,543 SF

Payment Calculator

$3,559 per month

30 year fixed, 2.95% Interest

Principal and Interest

$3,100

Property Taxes

$459

HOA Dues

$0

Property Information for 8116 Delridge Way Southwest

Summary
    Location and General Information
  • Style: 52 - Duplex
  • Site Features: Cable TV, Deck
  • Area: 140 - West Seattle
  • Street Number Numeric: 8116
  • Street Name Free Text: Delridge
  • Street Suffix: Wy
  • Street Dir Suffix: SW
  • County: King
  • City: Seattle
  • Character: 98106
  • Sale Type: MLS
  • Directions: Delridge Way to Property. Follow GPS.
  • Leased Items: None
  • Property Sub Type: MULT
    Taxes and HOA Information
  • Tax Year: 2020
    Parking
  • Number of Garage Spaces: 2
  • Number of Carport Spaces: 0
Interior and Exterior Features
    Bathroom Information
  • Total Bathrooms: 0
  • Full Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Half Bathrooms: 0
  • Quarter Bathrooms: 0
    Bedroom Information
  • Bedrooms Count: 0.0
    Interior Features
  • Floor Covering: Laminate Hardwood, Wall to Wall Carpet
    Exterior Features
  • Exterior: Cement Planked
  • Roof: Composition
Property
    Utilities
  • Energy Source: Electric
  • Heating and Cooling: Baseboard
  • Sewer: Sewer Connected
  • Water Source: Public
  • Water/Sewer/Garbage: 389
    Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • Square Footage: 2350.0
  • Lot Square Footage: 2543
  • General Zoning Classification: Multi-Family
  • Total Finished SQFT: 0.0
    Lot Information
  • Lot Details: Curbs, Paved Street, Sidewalk
  • Lot Size Source: Realist
  • Parcel Number Free Text: 4302700126
Multi Family
    Building Details
  • Total Number of Parking Spaces: 2
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 3
  • Vacancy Rate: 5
    Financing / Income and Expenses
  • Electrical Expenses: $0
  • Total Expenses: $6,515
  • Gross Adjusted Income: $55,176
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: $58,080
  • Heating Expenses: $0
  • Insurance Expenses: $623
  • Net Operating Income: $48,661
  • Other Expenses: 0
  • Total Monthly Income: 4840
    Unit 1
  • Washer/Dryer Unit 1: Y
  • Range/Oven Unit 1: Y
  • Refrigerator Unit 1: Y
  • Dishwasher Unit 1: Y
  • Square Feet Unit 1: 1175
  • Rent Unit 1: $2,420
  • Bedrooms Unit 1: 3
  • Fireplaces Unit 1: 0
  • Description Unit 1: A
  • Bathrooms Unit 1: 3.25
    Unit 2
  • Washer/Dryer Unit 2: Y
  • Range/Oven Unit 2: Y
  • Refrigerator Unit 2: Y
  • Dishwasher Unit 2: Y
  • Square Feet Unit 2: 1175
  • Rent Unit 2: $2,420
  • Bedrooms Unit 2: 3
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 3.25
    Unit 3
  • Square Feet Unit 3: 0
  • Rent Unit 3: $0
  • Bedrooms Unit 3: 0
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 0.0
    Unit 4
  • Square Feet Unit 4: 0
  • Rent Unit 4: $0
  • Bedrooms Unit 4: 0
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 0.0
    Unit 5
  • Square Feet Unit 5: 0
  • Rent Unit 5: $0
  • Bedrooms Unit 5: 0
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 0.0
    Unit 6
  • Square Feet Unit 6: 0
  • Rent Unit 6: $0
  • Bedrooms Unit 6: 0
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 0.0

Property History for 8116 Delridge Way Southwest

DateEvent & SourcePriceAppreciation
Jun 8, 2021

Listed (Active)

NWMLS #1788590

$3,174,000
Jun 8, 2021

Listed (Active)

NWMLS #1787887

$925,000
DateEvent & SourcePrice
06/08/2021

Listed (Active)

NWMLS #1788590

$3,174,000
06/08/2021

Listed (Active)

NWMLS #1787887

$925,000

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$158,000Additions$407,000Total$565,000
Tax Record2020$5,502 ($458 / month)
Home Facts
Baths6Total Finished SqFt2,350 SqFtAbove Ground SqFt1,940 SqFtFinished Basement SqFt410 SqFtUnfinished Basement Area510 SqFtStories2Lot Size2,543 SqFtStyleDuplexYear Built2010ZoningLR1 (M)CountyKINGAPN4302700126

Schools near 8116 Delridge Way Southwest


SchoolTypeGradesDistanceRating
Chief Sealth High SchoolPublic9-120.3 mi
3
Denny Middle SchoolPublic6-80.3 mi
5
Highland Park Elementary SchoolPublicPK-50.6 mi
3
The Community Of West SeattlePrivatePK-10.8 mi
NR

Chief Sealth High School

9-12, 0.3 mi, Public

3

Denny Middle School

6-8, 0.3 mi, Public

5

Highland Park Elementary School

PK-5, 0.6 mi, Public

3

The Community Of West Seattle

PK-1, 0.8 mi, Private

NR

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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8116 Delridge Way Southwest is a multi-family home for sale in Seattle, WA 98106. This property was listed for sale on June 8, 2021 by John L. Scott, Inc. at $925,000. This listing's school district is Seattle Public Schools. Nearby schools include Chief Sealth High School, Denny Middle School and Highland Park Elementary School. 8116 Delridge Way Southwest is a 0-bed, 0-bath, 2,350 sqft multi-family home built in 2010.

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 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.