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Listing courtesy of NWMLS / Blake Investment Advisors
4511 SW Lander Street
Seattle, WA 98116
–
beds
–
baths
–
sqft
5,400
sqft lot
1910
build
–
on site
An opportunity for an investor to acquire an existing triplex zoned NR3, offering the ability to build a 1,000-square-foot DADU on the west side of the lot, increasing the stabilized cap rate to 9.28%. Current operations at the North Admiral Triplex produce an average monthly rent of $1,617 per unit. This submarket can support a higher rent of $2,550 per unit. A new buyer can realize this upside on the Triplex by fully renovating each unit and installing washers and dryers in the apartments, with a proposed cost of $150,000. The proposed ADU (buyer to verify feasibility) can achieve a rent of $3,600 and the proposed cost to construct is $350,000. Upon completion of the DADU, the new income stream equates to a 9.28% Capitalization Rate.
Listing courtesy of NWMLS / Blake Investment Advisors
Last checked:
Checking…
•
Last updated May 14, 2024
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MLS# 2133436 —
The Building
Year Built:
1910
New Construction:
false
Structure Type:
Triplex
Exterior Features:
Wood, Wood Products
Roof:
Composition
Units In Building Total:
3
# of Units Total:
3
Stories Total:
2
Building Area Units:
Square Feet
Interior
Fireplace:
false
Financial & Terms
Possession:
Closing
Location
Latitude:
47.579196
Longitude:
-122.390283
Directions:
Take West Seattle bridge west & turn north onto SW Admiral Way. Turn left on 45th Ave SW and then turn right on SW Lander St. Home in on left.
The Property
Property Type:
Residential Income
Property Subtype:
Multi-Family
Parcel Number:
9276202420
Lot Size Units:
Square Feet
Lot Size Acres:
0.124
Lot Size SqFt:
5400
Lot Size Source:
Public Record
Zoning Class:
Residential
View:
false
Waterfront:
false
Possible Use:
Residential
Irrigation Water Rights:
false
Listing Agent
Contact info:
Agent phone:
(206) 618-2207
Office phone:
(206) 618-2207
Taxes
Tax Year:
2022
Tax Annual Amount:
7584
The Listing
Special Listing Conditions:
Bank Or REO, None
Buyer's Brokerage Compensation:
2.5%
Heating & Cooling
Cooling:
true
Heating:
true
Cooling:
Forced Air
Heating:
Forced Air
Utilities
Sewer:
Sewer Connected
Water Sewer Garbage:
6533
Schools
Elementary School:
Lafayette
Middle Or Junior School:
Madison Mid
High School:
West Seattle High
High School District:
Seattle
The Community
Subdivision Name:
North Admiral
Amenities:
Coin Op Laundry
Senior Community:
false
Association:
false
Parking
Parking Total:
3
Open Parking:
false
Carport:
false
Covered Spaces:
3
Listing courtesy of NWMLS / Blake Investment Advisors
This "Three Trees" icon indicates a listing provided courtesy of NWMLS. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
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Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date
Event
Source
Price
% Change
6/29/23
Jun 29, 2023
Listed / Active
NWMLS
$1,235,000
124.5% (17.3% / YR)
9/14/21
Sep 14, 2021
Listed / Active
NWMLS
12/8/20
Dec 8, 2020
Listed / Active
NWMLS
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This multifamily located in West Seattle, Seattle, WA 98116 is currently for sale for $1,235,000. 4511 SW Lander Street is a – square foot multifamily with – beds and – baths that has been on Estately for 326 days. 4511 SW Lander Street is in the West Seattle neighborhood of Seattle and has a WalkScore® of 85, making it very walkable. This multifamily is in the attendance area of Lafayette Elementary School, West Seattle High School, and Madison Middle School.
Listing courtesy of NWMLS / Blake Investment Advisors
This "Three Trees" icon indicates a listing provided courtesy of NWMLS. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
Disclaimer: The information contained in this listing has not been verified by Blake Investment Advisors and should be verified by the buyer.
Checking…
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Last updated May 14, 2024
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