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    9253 51st Avenue S

    Seattle, WA 98118
    • $865,000
    • STATUS: Active
    • ON SITE: 45 days
    • ID#: 1749015
    UPDATED: 20 min ago
    $865,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1927
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Century 21 Northwest.

    Description

    BUILD NOW, FINAL PERMITS IN HAND! Renovated duplex w/stable cash flow AND fully permitted for two additional townhouses! Located in Opportunity Zone for significant tax benefits. Existing duplex fully renovated. Long term tenants w/no vacancy or turnover in 3 years. Main level unit (A) features 4 BR, 2 BA, kitchen w/ stainless steel appliances, and W/D. Upper unit (B) features 2 BR, 1 BA, kitchen w/ stainless steel appliances & W/D. Additional land in rear of lot; final permits received from city of Seattle to build two 4 bedroom townhomes for substantial value enhancement. Pricing is derived from 6.0% cap rate on existing duplex, plus $100K land value for each townhouse unit. Duplex next door at 9257 51st Ave S (MLS # 1723062) also listed.

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    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 2021-05-12T10:14:20.873.

    www.home4investment.com/homes/115533706
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    9253 51st Avenue S Seattle, WA 98118

    • Price: $865,000
    • Status: Active
    • Updated: 20 min ago
    • ID#: 1749015
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1927
    Built
    Neighborhood:
    Rainier Beach
    County:
    King
    Area:
    Southeast Seattle
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Seattle
    Property Description
    BUILD NOW, FINAL PERMITS IN HAND! Renovated duplex w/stable cash flow AND fully permitted for two additional townhouses! Located in Opportunity Zone for significant tax benefits. Existing duplex fully renovated. Long term tenants w/no vacancy or turnover in 3 years. Main level unit (A) features 4 BR, 2 BA, kitchen w/ stainless steel appliances, and W/D. Upper unit (B) features 2 BR, 1 BA, kitchen w/ stainless steel appliances & W/D. Additional land in rear of lot; final permits received from city of Seattle to build two 4 bedroom townhomes for substantial value enhancement. Pricing is derived from 6.0% cap rate on existing duplex, plus $100K land value for each townhouse unit. Duplex next door at 9257 51st Ave S (MLS # 1723062) also listed.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features WoodWood Products Lot Features Paved Open Parking Spaces 2 Open Parking YN Yes Parking Total 2 Parking Uncovered Spaces 2 Roof Composition Structure Type Duplex Style Code 52 - Duplex View YN Yes Waterfront YN No

    Interior Features

    Fireplace YN No Flooring Laminate Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Wall Heating YN Yes

    Property Features

    Association Fee 0 Association Fee Frequency Annually Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 51000 Insurance Expense 961 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 38703 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Sub Type Multi-Family Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 5336 Tax Year 2020 Total Expenses 12297 Units In Building Total 2 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 6000 Water Source Public Zoning Class Multi-Family Zoning Jurisdiction City

    Listing information © 2021 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 2021-05-12T10:14:20.873.

     
    https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1749015-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1749015-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1749015-1.jpg
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    Ben Kinney Real Estate Team - Keller Williams Western Realty
    2211 Rimland Drive Suite 124
    Bellingham WA, 98226
    Listing Courtesy of Century 21 Northwest.