3901 Martin Luther King Jr Wy S $1,900,000

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    3901 Martin Luther King Jr Wy S Seattle, WA 98108

    • 0 Beds
    • 0 Baths
    • 7,344 sq.ft.
    • Multi-Family
    Listing# 1517480 | Active
    Days On Market: 37 9 Views
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    Property Details

    MLK Flats is well situated between the Mount Baker and Columbia City Light Rail stations and is convenient to Downtown Seattle Shopping, Restaurants, Amazon, Google and Facebook. Three units have been updated with in unit washer and dryer (Units 2, 6 and 8). Other units have been updated with fresh paint and cabinets. The former laundry room space has been demoed to add a tenth unit. Building is fully leased and under professional property management.

    • General Features
      • County King
      • County King
      • Lot Square Footage 6,738
      • Number of Stories 3
      • Number of Units 9
      • Style 55-5-9 Units
      • Year Built 1963
    • Building Features
      • Roof Compostion
      • Exterior Brick, Wood
      • Approx SqFt 7,344
    • Financials
      • Total Monthly Income $12,018
      • Net Operating Income $99,262
      • Gross Scheduled Income $144,225
      • Gross Adjusted Income $139,001
      • Total Expenses $39,739
      • Other Expenses $17,700
      • Insurance Expenses $3,500
      • Expenses $39,739
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 13
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $7,939
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Sewer Company Sewer Connected
    • Schools
      • School District Seattle

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    Neighborhood

    98108 (Seattle) Demographics

    35Median Age
    3,252Population Density (per sq. mile)
    39%College Educated
    $53,411 Estimated Median Income
    4,665Estimated Total Home Owners
    3,671Estimated Total Renters
    56% / 44%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    24,351Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $580,000 Median Sales Price
    19 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: $1,900,000
        9/10/2019 5:11:00 PM 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.