Bought with Windermere Real Estate/East
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5010 8th AVE NE Seattle, WA 98105
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Key Details
Sold Price $1,290,000
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 2,910 sqft
Price per Sqft $443
Subdivision University District
MLS Listing ID 2232146
Sold Date 05/31/24
Style 18 - 2 Stories w/Bsmnt
Bedrooms 8
Full Baths 1
Half Baths 1
Year Built 1911
Annual Tax Amount $9,938
Lot Size 4,687 Sqft
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.
Location
State WA
County King
Area 710 - North Seattle
Rooms
Basement Finished
Main Level Bedrooms 1
Interior
Interior Features Ceramic Tile, Hardwood, Wall to Wall Carpet, Skylight(s), Walk-In Closet(s), Fireplace, Water Heater
Flooring Ceramic Tile, Hardwood, Carpet
Fireplaces Number 1
Fireplaces Type Wood Burning
Fireplace true
Appliance Dishwasher(s), Dryer(s), Disposal, Refrigerator(s), Stove(s)/Range(s), Washer(s)
Exterior
Exterior Feature Brick, Wood
Amenities Available Deck
Waterfront No
View Y/N No
Roof Type Composition
Parking Type Off Street
Building
Lot Description Curbs, Paved, Sidewalk
Story Two
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Green Lake
Middle Schools Hamilton Mid
High Schools Lincoln High
School District Seattle
Others
Senior Community No
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
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