8836 9th Avenue Southwest
8836 9th Avenue Southwest
Seattle, WA 98106
$1,150,000
Price
6
Beds
4
Baths
2,696 Sq. Ft.
$427 / Sq. Ft.
2,696
Sq. Ft.
$427
per Sq. Ft.
Listing provided courtesy of Blake Investment Advisors
Description
A value-add opportunity to acquire a partially renovated 4plex in the West Seattle neighborhood, Highland Park. The subject consists of two one bed and two two-bedroom apartments. The one beds were fully renovated in 2023 and achieved a 42% rent increase. The same upside is available for the two beds, a $60K renovation budget will produce a $703 increase in rent per unit, delivering a 28% return on investment in the first year. This is an excellent opportunity for an astute investor to create value...A value-add opportunity to acquire a partially renovated 4plex in the West Seattle neighborhood, Highland Park. The subject consists of two one bed and two two-bedroom apartments. The one beds were fully renovated in 2023 and achieved a 42% rent increase. The same upside is available for the two beds, a $60K renovation budget will produce a $703 increase in rent per unit, delivering a 28% return on investment in the first year. This is an excellent opportunity for an astute investor to create value in an asset that's poised for growth in the future. The subject is in the path of progress as two new townhome developments were built and sold in the last few years. This street is attracting capital and a new investor can catch this wave.
- Listed by Gabe Blake • Blake Investment Advisors
- Listed by Josh Blake • Blake Investment Advisors
Property Details for 8836 9th Avenue Southwest
Community Name
Highland Park
School DistrictSeattle
Number of Assigned Spaces5
Total Covered Parking0
Entry Date06-29-2023
Energy SourceElectric
SewerAvailable
Location
Listing Courtesy of Blake Investment Advisors![]()
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LISTING UPDATED: 04/09/2024 09:58 AM
Property Details for 8836 9th Avenue Southwest
| Status | Active |
|---|---|
| MLS # | 2145946 |
| Days on Market | 303 |
| Cumulative Days on Market | 285 |
| Taxes | $8,231 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1980 |
| Lot Size | 0.11 AC / 4,580 SF |
| County | King County |
Location
Listing Courtesy of Blake Investment Advisors![]()
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Building Information for 8836 9th Avenue Southwest
Stories2Residences4Year Built1980Building Size-Lot Size0.11 AC / 4,580 SF
Payment Calculator
$6,962 per month
30 year fixed, 7.25% Interest
Principal and Interest
$6,276
Property Taxes
$686
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 8836 9th Avenue Southwest
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Deck, Fenced-Fully, Fenced-Partially, Patio
- Area: 140 - West Seattle
- Elementary School: Highland Park
- High School: Sealth High
- Directions: The property is on the fourth parcel on 9th Ave, just east of Westcrest Park.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 5.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Floor Covering: Vinyl Plank
- Amenities: Thermal Windows
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
Exterior Features
- Exterior: Stucco
- Roof: Torch Down
Property
Utilities
- Water/Sewer/Garbage: 5970
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 27
Lot Information
- Lot Size Source: Public Records
- Parcel Number Free Text: 7750500010
- Building Condition: Good
- Calculated Square Footage: 2696
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2696.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Common Interest: Multi-Family
- Elevation Units: Feet
- Irrigation Water Rights: No
- Green Energy Efficient: Thermal Windows
Multi Family
Building Details
- Number of Uncovered Spaces: 5
- Number of Stories in Building: 2
- Vacancy Rate: 2
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 21110
- Gross Adjusted Income: 65562
- Gross Rent Multiplier: 0
- Gross Scheduled Income: $66,900
- Insurance Expense: $1,881
- Net Operating Income: $49,252
- Other Expenses: $5,028
- Total Monthly Income: 5975
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 840
- Rent Unit 1: $1,795.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 509
- Rent Unit 2: $1,320.00
- Bedrooms Unit 2: 1
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 840
- Rent Unit 3: $1,495.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 509
- Rent Unit 4: $1,495.00
- Bedrooms Unit 4: 1
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2696.0
- Leasable Area Units: Square Feet
Property History for 8836 9th Avenue 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 8836 9th Avenue Southwest
Taxable ValueLand$320,600Additions$622,400Total$943,000
Tax Record2022$8,398 ($700 / month)
Home Facts
Total Finished SqFt2,696 SqFtAbove Ground SqFt2,696 SqFtStories2Lot Size4,580 SqFtStyleMulti-Family Dwelling (2-4)Year Built1980Year Renovated1996ZoningLR2 (M)CountyKINGAPN775050-0010
Schools near 8836 9th Avenue 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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Listing Courtesy of Blake Investment Advisors
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.