Listing Courtesy of:

Northwest MLS / Windermere Real Estate Co. / Matthew Townsend and Windermere R.E. Wall St. Inc.

9027 16th Ave SW Seattle, WA 98106

Sold (176 Days)

$625,000

5,328

SQFT

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Description

Clear and Present Seven Cap. 1980 6-Plex asking 9.3 X Gross. Super clean new siding/ new wndw's/ new roof 2007, some units new cosmetics. Deluxe 2-BR's all DW's, W&D's, fireplaces. 6 Apt's @ $933/m + 58/m util copay = $5950/m actual all leased up. $232,800 down, $432,200 loan @ 6.25%, cash flow of $1200+/m. Exp's 2008 incl manager $300/m & new cosmetics. Cash flow $14,400 + $5200 pay down loan 1st yr = $19,600 / your $233K down= 8.4% pre tax profit at current rents, bull market not required.

MLS #:
29070140

Taxes
$4,675(2009)

Lot Size
6,226 SQFT

Type
Multifamily

Year Built
1980

Views
Territorial

School District
Sea

County
King Co.

Community
Highland Park

Listed By

Matthew Townsend, Windermere Real Estate Co.

Bought with
Heidi Cahan, Windermere R.E. Wall St. Inc.

Source
Northwest MLS as distributed by MLS Grid
Last checked Jan 22 2025 at 8:20 PM GMT+0000

Bathroom Details

Lot Information

Alley
Curbs
Paved Street
Sidewalk

Property Features

Rv Parking
Foundation: Poured Concrete

Heating and Cooling

Baseboard
Wall

Flooring

Vinyl
Wall to Wall Carpet

Exterior Features

Cement Plank
Roof: Composition
Roof: See Remarks

Utility Information

Utilities: Public
Sewer: Sewer Connected
Energy: Electric

Disclaimer: Based on information submitted to the MLS GRID as of 1/22/25 12:20. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.