2462 Dexter Avenue N, Seattle, WA 98109

$4,600,000
7,385
SqFt

Listing courtesy of The Foundation Group LLC.

List Price
$4,600,000
Status
ACTIVE
MLS#
1852409
Days on Market
50
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
7,385
Area Total SqFt
7385
Lot Size (sq ft)
7,900

Property Description

Mali Hus 6 Unit and Annex Duplex. Located on the West Side of South Lake Union are two parcels which can be sold separately or purchased as one investment. The Mali Hus is made up of a 2bed/2bath+Den Penthouse with a private elevator and six 1Bed/1Bath units all with in unit W/D. Below the Mali House sits a separate parcel known as the Annex Duplex which includes a single family house w/massive deck and unobstructed views of South Lake Union. It also includes a large 1Bed/1Bath unit. 6 Car Garage Parking and ample upside in rents.

Additional Information

List Date
2021-10-12 21:11:11
Community
South Lake Union
Potential Terms
Cash Out, Conventional
Year Built
1976
View
Lake
Roof
See Remarks
Heating/Cooling Type
Forced Air
Other Expenses
20335
Energy Source
Electric
School District
Seattle
Total Monthly Income
$21,195
Gross Scheduled Income
$254,340
Vacancy Rate
3
Gross Adjusted Income
$246,710
Tax Year
2021
Insurance Expense
$6,581
W/S/G Expenses
$11,271
Total Expenses
$71,005
Net Operating Income
$175,704
Gross Rent Multiplier
18
Cap Rate
3
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