Located at the intersection of the University District, Wallingford and Eastlake, this 4-plex lives like a 5-plex with a spacious studio unit in the lower level complimenting the 4 one-bedroom units above. The location and condition of these rentals has kept them 100% occupied during the current landlord’s ownership. All units have been updated and improved on a rotating basis. Each home enjoys southern light and access to shared laundry. A spacious on-site workshop makes for easy maintenance.
Annual Dues: $0 Vacancy Rate: Cap Rate: 4.4% Gross Rent Mult: 19% Insurance Expenses: $1,988
Taxes: $9,578 Gross Scheduled Income: $68,640 Water/Sewage/Garbage/Electric: $6,459
Other Expenses: $5,254 Total Monthly Income: $5,720
Total Expenses: $23,279 Net Operating Income: $45,361
Unit #: 806 Bedrooms: 1 Bathrooms: 1 SqFt: Rent: $1,235 Range/Oven: Yes Refrigerator: Yes Dishwasher: No Washer/Dryer: No # Fireplace(s): 0
Unit #: 804 Bedrooms: 1 Bathrooms: 1 SqFt: Rent: $1,245 Range/Oven: Yes Refrigerator: Yes Dishwasher: No Washer/Dryer: No # Fireplace(s): 0
Unit #: 802 Bedrooms: 1 Bathrooms: 1 SqFt: Rent: $1,000 Range/Oven: Yes Refrigerator: Yes Dishwasher: No Washer/Dryer: No # Fireplace(s): 0
Unit #: 800 Bedrooms: 1 Bathrooms: 1 SqFt: Rent: $1,145 Range/Oven: Yes Refrigerator: Yes Dishwasher: No Washer/Dryer: No # Fireplace(s): 0
Unit #: 4012 Bedrooms: 0 Bathrooms: 1 SqFt: Rent: $1,095 Range/Oven: Yes Refrigerator: Yes Dishwasher: No Washer/Dryer: No # Fireplace(s): 0
List Price $1,260,000
Year Built 1957
Bedrooms 4
Bathrooms 5
Square Feet 2,400
NWMLS ID 1622189
