1914 Ferry Ave SW Unit 1-9 $2,200,000

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    1914 Ferry Ave SW Unit 1-9 West Seattle, WA 98116

    • 0 Beds
    • 0 Baths
    • 4,500 sq.ft.
    • Multi-Family
    Listing# 1528030 | Active
    Days On Market: 7 0 Views
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    Property Details

    Market Cap Rate 4.4% -Bayview Apartments-Seattle Sound View, Income Opportunity + Future Development, 9 units in West Seattle,captivating view of the Puget Sound&Downtown Seattle Skyline.Future appreciation. Professionally managed. Walk Score 86! Views of Downtown Seattle and Elliott Bay from select top-floor units, 8 parking spaces.Rent upside up to 10 to 12%, newer windows on the east and north sides of the building,LR3(M)-zoned lot can potentially develop into town homes or view apartments.

    • General Features
      • County King
      • County King
      • Lot Details Curbs, Paved Street, Sidewalk
      • Lot Square Footage 9,563
      • Number of Stories 2
      • Number of Units 9
      • Site Features Cable TV, Deck, Patio
      • Style 55-5-9 Units
      • Unit 1-9
      • View Bay, City, Mountain, Sound
      • Year Built 1956
    • Building Features
      • Roof Compostion
      • Exterior See Remarks
      • Amenities Coin Op Laundry, Storage
      • Approx SqFt 4,500
      • Floor Covering Hardwood, Laminate Hardwood
    • Financials
      • Total Monthly Income $11,632
      • Net Operating Income $81,008
      • Gross Scheduled Income $139,589
      • Gross Adjusted Income $139,005
      • Total Expenses $52,997
      • Other Expenses $15,355
      • Insurance Expenses $3,600
      • Expenses $52,997
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 17
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $14,610
      • Energy Source Oil
      • Water Company City of Seattle
      • Sewer Company Sewer Connected
    • Schools
      • School District Seattle
      • Senior High West Seattle High
      • Junior High Madison Mid
      • Elementary School Lafayette

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    Neighborhood

    98116 (West Seattle) Demographics

    42Median Age
    8,537Population Density (per sq. mile)
    70%College Educated
    $87,305 Estimated Median Income
    6,766Estimated Total Home Owners
    5,094Estimated Total Renters
    57% / 43%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    25,234Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $680,000 Median Sales Price
    40 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,200,000
        10/10/2019 11:22:00 AM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.