8118 Delridge Way Southwest
8118 Delridge Way Southwest
Seattle, WA 98106
$850,000
Last Sold Price
6
Beds
4.5
Baths
2,880 Sq. Ft.
$295 / Sq. Ft.
2,880
Sq. Ft.
$295
per Sq. Ft.
Sold 8/20/21
Sold 8/20/21
Listing provided courtesy of John L. Scott, Inc., Blackwell Real Estate LLC
Description
Actual cap rate of 5.0% 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 8120 and 8116 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...Actual cap rate of 5.0% 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 8120 and 8116 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 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 8118 Delridge Way Southwest
Community Name
Delridge
School DistrictSeattle
ViewTerritorial
Number of Assigned Spaces3
Total Covered Parking0
Offers Review Date06-16-2021
Entry Date06-08-2021
Energy SourceElectric
Location
Listing Courtesy of John L. Scott, Inc.![]()
Sold By Blackwell Real Estate LLC
Add your commute
LISTING UPDATED: 09/01/2021 03:46 PM
Property Details for 8118 Delridge Way Southwest
| Status | Sold |
|---|---|
| MLS # | 1787874 |
| Days on Market | 48 |
| Cumulative Days on Market | 48 |
| Taxes | $5,414 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1990 |
| Lot Size | 0.09 AC / 4,000 SF |
| County | King County |
Location
Listing Courtesy of John L. Scott, Inc.![]()
Sold By Blackwell Real Estate LLC
Add your commute
Building Information for 8118 Delridge Way Southwest
Stories3Residences3Year Built1990Building Size-Lot Size0.09 AC / 4,000 SF
Payment Calculator
$5,090 per month
30 year fixed, 7.25% Interest
Principal and Interest
$4,639
Property Taxes
$451
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 8118 Delridge Way Southwest
Summary
Location and General Information
- Style: 53 - Tri-plex
- Site Features: Cable TV, Fenced-Partially, Patio
- Area: 140 - West Seattle
- Directions: Follow GPS Directions
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2020
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 3.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Laminate, Vinyl, Carpet
- Amenities: Thermal Windows
- Fireplace: No
- Heating: Yes
- FIRPTA: No
Exterior Features
- Exterior: Cement Planked, Wood
- Roof: Composition
Property
Utilities
- Electric On Property: No
- Heating and Cooling: Baseboard
- Water Source: Public
- Water/Sewer/Garbage: 4801
- Power Production Type: Electric
- Utilities: Cable Connected, Sewer Connected, Electricity Available
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- 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: 5
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Size Source: Realist
- Parcel Number Free Text: 4302700130
- Calculated Square Footage: 2880
- Structure Type: Triplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2880.0
- 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: 3
- Number of Stories in Building: 3
- Vacancy Rate: 3
- Number Of Units Total: 3
- Units Below Grade: false
- Units In Building Total: 3
Financing / Income and Expenses
- Electric Expense: $200
- Total Expenses: 10897
- Gross Adjusted Income: 50750
- Gross Rent Multiplier: 15
- Gross Scheduled Income: $52,320
- Insurance Expense: $682
- Net Operating Income: $39,653
- Other Expenses: $0
- Total Monthly Income: 4360
- Fuel Expense: $0
Unit 1
- Name Unit 1: 101
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1000
- Rent Unit 1: $1,875.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 2
Unit 2
- Name Unit 2: 201
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 1000
- Rent Unit 2: $1,085.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 2
Unit 3
- Name Unit 3: 202
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 880
- Rent Unit 3: $1,400.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 2
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2880.0
- Leasable Area Units: Square Feet
Property History for 8118 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 8118 Delridge Way Southwest
Taxable ValueLand$314,000Additions$572,000Total$886,000
Tax Record2022$7,549 ($629 / month)
Home Facts
Baths4Total Finished SqFt3,780 SqFtAbove Ground SqFt2,880 SqFtFinished Basement SqFt900 SqFtStories2Lot Size4,000 SqFtStyleTriplexYear Built1990ZoningLR1 (M)CountyKINGAPN430270-0130
Schools near 8118 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.