8118 Delridge Way Southwest

Seattle, WA 98106

$850,000
Price
Beds
2,880 Sq. Ft.
$295 / Sq. Ft.
2,880
Sq. Ft.
$295
per Sq. Ft.

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...

Property Details for 8118 Delridge Way Southwest

Community Name
Delridge
School District
Seattle
View
Territorial
Year Built Numeric
1990
Offers Review Date
06-16-2021

Location

Listing Courtesy of John L. Scott, Inc.

Property Details for 8118 Delridge Way Southwest

StatusPending
MLS #1787874
Days on Market48
Taxes$5,414 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1990
Lot Size0.09 AC / 4,000 SF
CountyKing County

Contact a Compass agent

Location

Listing Courtesy of John L. Scott, Inc.

Building Information for 8118 Delridge Way Southwest

Stories-Residences3Year Built1990Building Size-Lot Size0.09 AC / 4,000 SF

Payment Calculator

$3,300 per month

30 year fixed, 2.95% Interest

Principal and Interest

$2,849

Property Taxes

$451

HOA Dues

$0

Property Information for 8118 Delridge Way Southwest

Summary
    Location and General Information
  • Amenities: Thermal Windows
  • Style: 53 - Tri-plex
  • Site Features: Cable TV, Fenced-Partially, Patio
  • Area: 140 - West Seattle
  • Street Number Numeric: 8118
  • Street Name Free Text: Delridge
  • Street Suffix: Wy
  • Street Dir Suffix: SW
  • County: King
  • City: Seattle
  • Character: 98106
  • Sale Type: MLS
  • Directions: Follow GPS Directions
  • Leased Items: None
  • Property Sub Type: MULT
    Taxes and HOA Information
  • Tax Year: 2020
    Parking
  • Number of Garage Spaces: 0
  • 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, Vinyl, Wall to Wall Carpet
    Exterior Features
  • Exterior: Cement Planked, Wood
  • Roof: Composition
Property
    Utilities
  • Energy Source: Electric
  • Heating and Cooling: Baseboard
  • Sewer: Sewer Connected
  • Water Source: Public
  • Water/Sewer/Garbage: 4801
    Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Square Footage: 2880.0
  • Lot Square Footage: 4000
  • 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: 4302700130
Multi Family
    Building Details
  • Total Number of Parking Spaces: 3
  • Number of Uncovered Spaces: 3
  • Number of Stories in Building: 3
  • Vacancy Rate: 3
    Financing / Income and Expenses
  • Electrical Expenses: $200
  • Total Expenses: $10,897
  • Gross Adjusted Income: $50,750
  • Gross Rent Multiplier: 15
  • Gross Scheduled Income: $52,320
  • Heating Expenses: $0
  • Insurance Expenses: $682
  • Net Operating Income: $39,653
  • Other Expenses: 0
  • Total Monthly Income: 4360
    Unit 1
  • Washer/Dryer Unit 1: Y
  • Range/Oven Unit 1: Y
  • Refrigerator Unit 1: Y
  • Dishwasher Unit 1: Y
  • Square Feet Unit 1: 1000
  • Rent Unit 1: $1,875
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Description Unit 1: 101
  • Bathrooms Unit 1: 1.5
    Unit 2
  • Washer/Dryer Unit 2: Y
  • Range/Oven Unit 2: Y
  • Refrigerator Unit 2: Y
  • Dishwasher Unit 2: Y
  • Square Feet Unit 2: 1000
  • Rent Unit 2: $1,085
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1.5
  • Description Unit 2: 201
    Unit 3
  • Washer/Dryer Unit 3: Y
  • Range/Oven Unit 3: Y
  • Refrigerator Unit 3: Y
  • Dishwasher Unit 3: Y
  • Square Feet Unit 3: 880
  • Rent Unit 3: $1,400
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1.5
  • Description Unit 3: 202
    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 8118 Delridge Way Southwest

DateEvent & SourcePriceAppreciation
Jul 26, 2021

Pending

NWMLS #1787874

Jun 9, 2021

Price Change

NWMLS #1787874

$850,000
Jun 8, 2021

Listed (Active)

NWMLS #1787874

$799,995
DateEvent & SourcePrice
07/26/2021

Pending

NWMLS #1787874

06/09/2021

Price Change

NWMLS #1787874

$850,000
06/08/2021

Listed (Active)

NWMLS #1787874

$799,995

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$218,000Additions$340,000Total$558,000
Tax Record2020$5,414 ($451 / month)
Home Facts
Baths4Total Finished SqFt2,880 SqFtAbove Ground SqFt1,980 SqFtFinished Basement SqFt900 SqFtStories2Lot Size4,000 SqFtStyleTriplexYear Built1990ZoningLR1 (M)CountyKINGAPN4302700130

Schools near 8118 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.

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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. 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.