542 S Cloverdale Street, Seattle, WA 98108

$699,950
2,787
SqFt

Listing courtesy of Windermere Real Estate Midtown. Selling Office: eXp Realty.

Sold Price
$699,950
List Price
$699,950
Status
SOLD
MLS#
1506152
Closing Date
Oct 30, 2019
Days on Market
179
Style
54 - 4-Plex
Building Condition
Average
Finished SqFt
2,787
Area Total SqFt
2787
Annual Tax Ammount
5028
Lot Size (sq ft)
4,500
Sewer
Sewer Connected

Property Description

Amazing opportunity knocks! Welcome to this low-maintenance 4-plex with 6.27% cap rate! This building has units ranging from studios to 3 bedroom apartments with updated kitchens double paned windows, a coin-operated W/D utility room, easy landscaping, and is very easy to rent! Convenient access to downtown Seattle, south of town, bus lines and more. Plenty of parking with 8 spaces. Purchase, relax, and let your money work for you!

Additional Information

List Date
2019-05-04 00:00:00
Community
South Park
Net Operating Income
$43,924
Gross Adjusted Income
$59,640
Gross Scheduled Income
$59,640
Total Monthly Income
$4,970
Insurance Expenses
$1,788
Water/Sewer/Garbage Expenses
$6,000
Gross Rent Multiplier
11
Total Expenses
$15,716
Cap Rate
6.27
Total Number of Units
4
Unit Name
542
Potential Terms
Cash Out, Conventional
Year Built
1990
View
Territorial
Roof
Composition
Site Features
Deck, Fenced-Partially, Patio
Electric Expenses
1500
Other Expenses
1400
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$4,970
Gross Scheduled Income
$59,640
Gross Adjusted Income
$59,640
Tax Year
2018
Insurance Expense
$1,788
W/S/G Expenses
$6,000
Total Expenses
$15,716
Net Operating Income
$43,924
Gross Rent Multiplier
11
Cap Rate
6.27
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