6527 Rainier Ave S

    Seattle, WA 98118
    • $1,100,000
    • STATUS: Pending Inspection
    • ON SITE: 67 days
    • ID#: 1471281
    Under Contract
    $1,100,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,752
      SQFT
    • $231
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1967
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Paragon Real Estate Advisors.

    Description

    Located in rapidly appreciating South Seattle less than 1 mile from the Othello light rail station, the Rainier 6 is a solid 60s apt building that has been well maintained and updated with the potential to add value. The property features spacious 1- and 2-bedroom units that could be reconfigured to add a bedroom (buyer to verify). Improvements include: new cabinets and granite countertops, new tile and hardwood laminate flooring, new roof, new windows, and resurfaced decks. Pro Forma 6% CAP!

    Monthly Payment Calculator



    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-08-18T00:15:06.3.

    www.home4investment.com/homes/95777824

    6527 Rainier Ave S Seattle, WA 98118

    • Price: $1,100,000
    • Status: Pending Inspection
    • ID#: 1471281
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    4,752
    SQFT
    $231
    $/SQFT
    1967
    Built
    Neighborhood:
    Brighton
    County:
    King
    Area:
    Central Seattle/Genesee/Columbia Cty
    School District:
    Seattle
    Property Description
    Located in rapidly appreciating South Seattle less than 1 mile from the Othello light rail station, the Rainier 6 is a solid 60s apt building that has been well maintained and updated with the potential to add value. The property features spacious 1- and 2-bedroom units that could be reconfigured to add a bedroom (buyer to verify). Improvements include: new cabinets and granite countertops, new tile and hardwood laminate flooring, new roof, new windows, and resurfaced decks. Pro Forma 6% CAP!
    Exterior Features

    Carport Spaces 0 Exterior BrickWood Products Foundation Poured Concrete Garage Spaces 0 Roof Flat Stories In Building 3 Style 55 - 5-Plex Total Parking Spaces 6 Uncovered Spaces 6

    Interior Features

    Floor Covering Laminate HardwoodVinylWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 600 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 1000 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 1000 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 600 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 1000 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 1 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 600 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities Coin Op Laundry Bank Owned No Cap Rate 5.11 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 80200 Gross Rent Multiplier 13 Gross Scheduled Income 82680 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1500 Leased Items None Net Operating Income 56232 New Construction YN No Other Expenses 7098 Possession ClosingSub. Tenant's Rights Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 6986 Tax Year 2019 Terms Cash Out Third Party Approval Required None Total Expenses EXP 23968 Total Expenses TEX 23968 Total Monthly Income 6890 Unit1 Monthly Rent 1020 Unit2 Monthly Rent 1200 Unit3 Monthly Rent 1250 Unit4 Monthly Rent 1020 Unit5 Monthly Rent 1200 Unit6 Monthly Rent 1020 Vacancy Rate 3 Water Sewer Garbage 8384 Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Ben Kinney Real Estate Team - Keller Williams Western Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-08-18T00:15:06.3.

     
    Ben Kinney Real Estate Team - Keller Williams Western Realty
    2211 Rimland Drive Suite 124
    Bellingham WA, 98226
    Listing Courtesy of Paragon Real Estate Advisors.