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6600 Rainer Ave S
Seattle, WA 98118

  • $2,588,800
  • STATUS: Pending Inspection
  • ON SITE: 184 days
  • ID#: 1031772
Under Contract
UPDATED: 33 min ago
$2,588,800
  • 0
    BEDS
  • 0.43
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,841
    SQFT
  • $202
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

School District:
Listing Courtesy of Realogics Sotheby's Int'l Rlty.

Description

Investors! Rare 16 unit apartment building neighboring the ever growing Columbia City. Walking distance to Light Rail (Sound Transit) Ideal location. This building is solid- brick, and easy to maintain. Each unit has exterior entrances, no shared hallways! PLUS. Parking for 17 cars. Built in 1981 with updated units. BONUS this is 2 parcels = 2 lots with room to expand. DOUBLE BONUS, basement is ideal for additional 2 units, adding even more income for a 7% CAP! Fully occupied at all times.

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 2017-03-27T08:14:15.107.

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www.home4investment.com/homes/66779458

6600 Rainer Ave S Seattle, WA 98118

  • Price: $2,588,800
  • Status: Pending Inspection
  • Updated: 33 min ago
  • ID#: 1031772
0
Beds
0
Baths
0
½ Baths
0.43
Acres
12,841
SQFT
$202
$/SQFT
1959
Built
Neighborhood:
Brighton
County:
King
Area:
Central Seattle/Genesee/Columbia Cty
School District:
Seattle
Property Description
Investors! Rare 16 unit apartment building neighboring the ever growing Columbia City. Walking distance to Light Rail (Sound Transit) Ideal location. This building is solid- brick, and easy to maintain. Each unit has exterior entrances, no shared hallways! PLUS. Parking for 17 cars. Built in 1981 with updated units. BONUS this is 2 parcels = 2 lots with room to expand. DOUBLE BONUS, basement is ideal for additional 2 units, adding even more income for a 7% CAP! Fully occupied at all times.
Exterior Features

Building Condition Good Carport Spaces 0 Exterior BrickMetal/VinylWood Foundation Poured Concrete Garage Spaces 0 Lot Details Corner LotCurbsPaved StreetSidewalk Lot Dimensions 272X112x167x124 Roof Torch Down Stories In Building 3 Style 56 - 6-9 Units Total Parking Spaces 17 Uncovered Spaces 17 View Territorial

Interior Features

Floor Covering HardwoodLaminate HardwoodWall to Wall Carpet Heating And Cooling Wall Unit1 Bathrooms 0.00 Unit1 Bedrooms 0 Unit1 Fireplaces 0 Unit1 Sq Ft 725 Unit2 Bathrooms 0.00 Unit2 Bedrooms 0 Unit2 Fireplaces 0 Unit2 Sq Ft 725 Unit3 Bathrooms 0.00 Unit3 Bedrooms 0 Unit3 Fireplaces 0 Unit3 Sq Ft 725 Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Fireplaces 0 Unit4 Sq Ft 725 Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 725 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 725 Units Below Grade N

Property Features

Amenities BasementStorageThermal Windows Bank Owned No Cap Rate 5.48 Electrical Expenses 1740 Energy Source Electric EPSEnergy 0 Form17 Exempt General Zoning Classification Multi-Family Gross Adjusted Income 186960 Gross Rent Multiplier 14 Gross Scheduled Income 186960 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3600 Leased Items None Net Operating Income 141781 New Construction YN No Other Expenses 0 Possession Closing Power Company City Light Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Seattle Site Features Fenced-Partially Tax Amount 15839 Tax Year 2016 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 45179 Total Expenses TEX 45179 Total Monthly Income 15580 Unit1 Monthly Rent 1200 Unit2 Monthly Rent 900 Unit3 Monthly Rent 900 Unit4 Monthly Rent 1200 Unit5 Monthly Rent 900 Unit6 Monthly Rent 800 Vacancy Rate 0 Water Company City Of Seattle Water Sewer Garbage 24000 Water Source Public

Listing information © 2017 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 2017-03-27T08:14:15.107.

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Ben Kinney Real Estate Team - Keller Williams Western Realty
2211 Rimland Drive Suite 124
Bellingham WA, 98226
Listing Courtesy of Realogics Sotheby's Int'l Rlty.