3507 NE 153 Street, Lake Forest Park, WA 98155
- $1,350,000
- 1,640
- SqFt
Listing courtesy of Pellego, Inc..
- List Price
- $1,350,000
- Status
- ACTIVE
- MLS#
- 2229893
- Days on Market
- 4
- Style
- 55 - 5-9 Units
- Finished SqFt
- 1,640
- Area Total SqFt
- 1640
- Annual Tax Ammount
- 8214
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 15,000
- Sewer
- Sewer Connected
Property Description
**ATTN: Investors ** Selling AS-IS existing AirBNB rooming house income property. 5.6 Cap Multi-Family zoned. Room to improve existing below market rents with renovation; always full last 2 years while self managing. (ALSO - near complete permits for builder friendly 8 unit TH development with views of Lake Washington, pending fees and performance bond due to city!) Hold / Build. Seller Financing and JV can be arranged with significant down-payment. All Arch, Engineering + reports available and existing Rental PNL.
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Additional Information
- List Date
- 2024-05-11 19:09:15
- Community
- Sheridan Beach
- Net Operating Income
- $74,875
- Gross Adjusted Income
- $99,516
- Gross Scheduled Income
- $99,516
- Total Monthly Income
- $8,293
- Insurance Expenses
- $1,273
- Water/Sewer/Garbage Expenses
- $2,985
- Gross Rent Multiplier
- 13.57
- Total Expenses
- $24,641
- Cap Rate
- 5.55
- Total Number of Units
- 1
- Unit Name
- 3507
- Potential Terms
- Cash Out, Conventional, Lease Purchase, Owner Financing, Rehab Loan
- Year Built
- 1951
- Roof
- Built-Up
- Electric Expenses
- 4808
- Other Expenses
- 7361
- Energy Source
- Electric
- School District
- Shoreline
- Elementary School
- Briarcrest Elem
- Middle School
- Kellogg Mid
- High School
- Shorecrest High
- Total Monthly Income
- $8,293
- Gross Scheduled Income
- $99,516
- Gross Adjusted Income
- $99,516
- Tax Year
- 2023
- Insurance Expense
- $1,273
- W/S/G Expenses
- $2,985
- Total Expenses
- $24,641
- Net Operating Income
- $74,875
- Gross Rent Multiplier
- 13.57
- Cap Rate
- 5.55
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