Real Estate in King County
Chad and Cyndi Ohrt
206-317-4847206-317-4847
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Real Estate in King County
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4345 32nd Ave W, Seattle, WA 98199 (MLS # 1634242)

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Listing provided by Synergy Mrgrs & Acq. LLC

PRICE $5,495,000
BEDS 6
BATHS 6 baths
HOME SIZE 15,240 sq ft
LOT SIZE 12,553 sqft

This is a rare opportunity to acquire an 18 unit turnkey property. The building is located just minutes from the Metropolitan Magnolia Market and is an easy stroll to Discovery Park & Locks. This property is poised for substantial future appreciation. Significant upside in rents, storage, parking along with utility reimbursements.

DAYS ON MARKET 6 LAST UPDATED 8/1/2020
YEAR BUILT 1976 COMMUNITY Magnolia
COUNTY King STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
School District Seattle


ADDITIONAL DETAILS
AMENITIES Coin Op Laundry
ANNUAL TAXES 42408
APN 4235401075
AREA 700 - Queen Anne/Magno
BANK/REO OWNED N
BATHROOMS1 1.00, 1.00
BATHROOMS2 1.00, 1.00
BATHROOMS3 1.00, 1.00
BATHROOMS4 1.00, 1.00
BATHROOMS5 1.00, 1.00
BATHROOMS6 1.00, 1.00
BEDROOMS1 1
BEDROOMS2 1
BEDROOMS3 1
BEDROOMS4 1
BEDROOMS5 1
BEDROOMS6 1
BUILDING CONDITION Good
CAP RATE (NOI / LP) 3.51
COMMISSION 2.5
DISHWASHER1 Y
DISHWASHER2 Y
DISHWASHER3 Y
DISHWASHER4 Y
DISHWASHER5 Y
DISHWASHER6 Y
ELECRICAL EXPENSES 0
ENERGY SOURCE Electric
EXTERIOR Cement/Concrete, Wood
FLOOR COVERING Concrete, Wall to Wall Carpet
FORM 17 Provided
FOUNDATION Poured Concrete
GENERAL ZONING Commercial
GROSS ADJUSTED INCOME 289814
GROSS RENT MULTIPLIER 19
GROSS SCHEDULED INCOME 289814
HEATING AND COOLING Wall
HEATING EXPENSES 0
HOME OWNER DUES 0
INSURANCE EXPENSES 9101
LEASED ITEMS None
LOT DETAILS Curbs, Paved Street, Sidewalk
LOT DIMENSIONS 90x120x118x21x41x61
NET OPERATING INCOME 193029
OFFERS Reviewed on receipt
OTHER EXPENSES 25789
POSSESION Closing
POTENTIAL TERMS Cash Out, Conventional, FHA, VA
PROPERTY TYPE MULT
RANGE/OVEN1 Y
RANGE/OVEN2 Y
RANGE/OVEN3 Y
RANGE/OVEN4 Y
RANGE/OVEN5 Y
RANGE/OVEN6 Y
REFRIGERATOR1 Y
REFRIGERATOR2 Y
REFRIGERATOR3 Y
REFRIGERATOR4 Y
REFRIGERATOR5 Y
REFRIGERATOR6 Y
ROOF Cedar Shake, Composition, Flat
SEWER Sewer Connected
SITE FEATURES High Speed Internet
SQUARE FEET UNIT 1 895
SQUARE FEET UNIT 2 895
SQUARE FEET UNIT 3 895
SQUARE FEET UNIT 4 895
SQUARE FEET UNIT 5 840
SQUARE FEET UNIT 6 840
STYLE 56 - 10+ Units
TAX YEAR 2019
TOTAL EXPENSES 88090
TOTAL MONTHLY INCOME 23925
TOTAL NUMBER OF PARKING SPACES 18
UNITS BELOW GRADE N
VACANCY RATE 3
Listing provided by Synergy Mrgrs & Acq. LLC

Listing information is provided by the Northwest Multiple Listing Service (NWMLS). 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, 2020. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2020 NWMLS. All rights are reserved.
Disclaimer: The information contained in this listing has not been verified by Marketplace Sotheby's International Realty and should be verified by the buyer.
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ZESTIMATE
4345 32nd Ave W, Seattle, WA

RENT ZESTIMATE
$ / mo.  4345 32nd Ave W, Seattle, WA

65 Somewhat Walkable



 
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Reviews

5user2493065

We have purchased (2) homes with the Chad and Cyndi. We continue to contact them to keep up on mortgage lending and the general health of the local market. We will use them again in any future real estate needs as well as recommending them to friends. We... (more)

5user7835849

I had the best experience working with the Ohrt's, both Chad and Cyndi. They came to me highly recommended, and I was not disappointed. Their negotiation skills for my new home purchase were excellent and very professional. I have already referred them to... (more)

5user8644680

We have known Chad and Cyndi for ten years and they have always been knowledgeable, responsive and professional. They helped show us homes and put in time to understand what type of home we might be interested in buying. They also were wonderful about... (more)

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