Phoebe Underwood
Phoebe Underwood
206-501-7837206-501-7837

1408 Martin Luther King Jr Wy, Seattle, WA 98122 (MLS # 1292657)

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Listing provided by Windermere R E Mount Baker

PRICE $899,990
BEDS 2
BATHS 2 baths
HOME SIZE 2,390 sq ft
LOT SIZE 2,842 sqft

Built in 2009, this central area duplex is perfectly set up situated for home+rental, home+office or as a double-rental. Upper-3beds/2 bath open concept kitchen & living room w/ expansive loft for Master Bedroom & 2nd Living Room. Lower-1bd/1bath w/spacious, open kitchen & living area, multi-zone radiant, in-floor heat. Custom concrete counters, independent laundry, separate entry & garage access for each unit. Close to 520, Arboretum, Madrona,Madison Valley,Central Area shops & eateries.

DAYS ON MARKET Login to view Days on Market LAST UPDATED 5/24/2017
YEAR BUILT 2009 COMMUNITY Madison Valley
COUNTY King STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
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ADDITIONAL DETAILS
AMENITIES Thermal Windows
ANNUAL TAXES 8018
APN 1189000384
AREA 390 - Central Seattle
BANK/REO OWNED N
BATHROOMS1 1.00, 1.00
BATHROOMS2 2.00, 2.00
BATHROOMS3 0.00, 0.00
BATHROOMS4 0.00, 0.00
BATHROOMS5 0.00, 0.00
BATHROOMS6 0.00, 0.00
BEDROOMS1 1
BEDROOMS2 3
BEDROOMS3 0
BEDROOMS4 0
BEDROOMS5 0
BEDROOMS6 0
BUILDING CONDITION Good
CAP RATE (NOI / LP) 4.50
DISHWASHER1 Y
DISHWASHER2 Y
ELECRICAL EXPENSES 0
ENERGY SOURCE Electric, Natural Gas, Wood
EXTERIOR Cement Planked, Cement/Concrete, Wood Products
FLOOR COVERING Concrete, Hardwood, See Remarks
FORM 17 Provided
FOUNDATION Poured Concrete
GENERAL ZONING Multi-Family
GROSS ADJUSTED INCOME 55353
GROSS RENT MULTIPLIER 16
GROSS SCHEDULED INCOME 56400
HEATING AND COOLING 90%+ High Efficiency, Forced Air, Radiant
HEATING EXPENSES 0
HOME OWNER DUES 0
INSURANCE EXPENSES 1124
LEASED ITEMS None
LOT DETAILS Curbs, Paved Street, Sidewalk
NET OPERATING INCOME 40628
OFFERS Reviewed on receipt
OTHER EXPENSES 3000
POSSESION See Remarks, Sub. Tenant's Rights
POTENTIAL TERMS Cash Out, Conventional
PROPERTY TYPE MULT
RANGE/OVEN1 Y
RANGE/OVEN2 Y
REFRIGERATOR1 Y
REFRIGERATOR2 Y
ROOF Composition
SEWER Sewer Connected
SITE FEATURES Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet
SQUARE FEET UNIT 1 860
SQUARE FEET UNIT 2 1530
SQUARE FEET UNIT 3 0
SQUARE FEET UNIT 4 0
SQUARE FEET UNIT 5 0
SQUARE FEET UNIT 6 0
STYLE 52 - Duplex
TAX YEAR 2018
TOTAL EXPENSES 14725
TOTAL MONTHLY INCOME 4700
TOTAL NUMBER OF PARKING SPACES 2
UNITS BELOW GRADE N
VACANCY RATE 0
WASHER/DRYER1 Y
WASHER/DRYER2 Y
WATER COMPANY Seattle Public Utilities
WATER SOURCE Public
Listing provided by Windermere R E Mount Baker

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, 2018. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2018 NWMLS. All rights are reserved.
Disclaimer: The information contained in this listing has not been verified by John L Scott Real Estate/Westwood and should be verified by the buyer.
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