Sewer STEP Sewer
Heating Baseboard
Cooling None
Possession Tenant's Rights
Roof Composition
Exterior Features Wood
HOA 0
Year Built 1951
View Territorial
Property SubType Multi-Family
Tax Year 2023
County King
Net Operating Income 57706
Insurance Expense 1800
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Rainier Valley
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions Building is on East side of MLK Jr Way S between S Hudson & S Dawson
City Seattle
Buyer Agent Compensation 2.5
View Y/N Y
Senior Community Y/N N
High School District Seattle
Open Parking Spaces 0
Total Units 4
MLS Area 380 - Southeast Seattle
Lot Size Square Feet 6299
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name Martin Luther King Jr
Listing Terms Cash Out Conventional
Tax Annual Amount 7683
Electric Expense 0
Fuel Expense 0
Property Condition Remodeled
Public Remarks Best value is in the land. Zoned LR3 RC(M). Permits in process to build 5 townhomes on back of property plus a 10 unit street facing apartment building with 2 ground floor commercial spaces. Permits
Leasable Area 2736
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Water Company City Seattle
Units Below Grade false
Units In Building Total 4
Zoning Class Multi-Family
Water Sewer Garbage 6000
Property Style 54 - 4-Plex
Cap Rate 2.5