5230 16th Ave NE, Seattle, WA, 98105
No Images Available
Property Details
11
3
Single Family
Description
Property Details: • Type: Single Family • Bedrooms: 11 • Bathrooms: 3 • Square Feet: 4030 • Lot/Size: 4,320 sqft lot
Description: Rare University District income property with 8-bed main house + newer 3-bed DADU, generating $15,100/month ($181,200/year) in rental income with true zero vacancy. Tenants pay all utilities and the property has undergone significant upgrades including a nearly new DADU, renovated basement, radiant in-floor heat, mini-split, remodeled kitchen and powder room, new electrical and plumbing, and more. Stabilized NOI ˜ $160K with strong rental demand and minimal near or mid-term cap-ex. Listed at $2.55M (~6.4% cap / 14× GRM). Excellent opportunity for anyone seeking durable income in the University District.
Location
Address
5230 16th Ave NE, Seattle, WA, 98105
City
Seattle
Features and Finishes
Year Built: 1922; [object Object]; [object Object]; [object Object]
Legal Notice
Our comprehensive database is populated by our meticulous research and analysis of public data. MirrorRealEstate strives for accuracy and we make every effort to verify the information. However, MirrorRealEstate is not liable for the use or misuse of the site's information. The information displayed on MirrorRealEstate.com is for reference only.