5010 8th Avenue NE, Seattle, WA 98105

$1,290,000
8
BD
3
BA
2,910
SqFt

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Listing courtesy of COMPASS. Selling Office: Windermere Real Estate/East.

Sold Price
$1,290,000
List Price
$1,299,950
Status
SOLD
MLS#
2232146
Closing Date
May 31, 2024
Days on Market
4
Bedrooms
8
Finished SqFt
2,910
Area Total SqFt
2910
Annual Tax Ammount
9938
Internet Provider
Xfinity
Lot Size (sq ft)
4,687
Fireplace
Yes
Sewer
Sewer Connected

Property Description

Looking for an ideal first (or next) turn key rental on a quiet street? This well-managed and maintained rental home is located near UW with easy I-5 and downtown access and it is ready for the next owner/operator. A long history of rental success means future success for you. Current rents are $7,400 with potential upside for fall ‘24. With current rents the CAP rate is 5.75% and could exceed 6% with an annual rent increase. There are 8 generous bedrooms - 3 up, 1 on the main, 4 downstairs - plus 2.5 bathrooms to easily accommodate groups. There are 3+ off-street parking spots in the back. The home sits on a 4,687 SF NR3 zoned lot so potential awaits a creative new owner. Many system & appliance updates have been done throughout the home.

Additional Information

Community
University District
Style
18 - 2 Stories w/Bsmnt
Basement
Finished
Year Built
1911
Roof
Composition
Site Features
Deck
Tax Year
2023
School District
Seattle
Elementary School
Green Lake
Middle School
Hamilton Mid
High School
Lincoln High
Potential Terms
Conventional, FHA, VA Loan
Interior Features
Ceramic Tile, Hardwood, Wall to Wall Carpet, Skylight(s), Walk-In Closet(s), Fireplace, Water Heater
Flooring
Ceramic Tile, Hardwood, Carpet
Driving Directions
GPS is accurate.
Appliance
Dishwasher(s), Dryer(s), Disposal, Refrigerator(s), Stove(s)/Range(s), Washer(s)
Appliances Included
Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s), Washer(s)
Water Heater Location
Basement utility room
Water Heater Type
Gas
Energy Source
Electric, Natural Gas
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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