2229 42nd Ave SW, West Seattle, WA 98116 | 1517692 | Berkshire Hathaway HomeServices Northwest Real Estate  

2229 42nd Ave SW $5,000,000

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    2229 42nd Ave SW West Seattle, WA 98116

    • 0 Beds
    • 0 Baths
    • 14,616 sq. ft.
    • Multi-Family
    • Listing# 1517692
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    Views: 539 Days On Market: 259

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    Property Details

    Arctic Manor Apartment is a 15 unit, 3 level brick building in the very desirable North Admiral area of West Seattle. Most of the units have updated bathrooms, kitchen countertops and flooring. Windows and sliding glass doors have all been updated to vinyl framed. Electrical panels were all recently replaced. New sewer line. Top quality PVC Membrane Roof. Assigned parking space for each unit. Storage and bike storage areas for tenants. Turn-key opportunity, first time on the market in 43 years.

    • General Features
      • County King
      • County King
      • Lot Details Alley, Paved Street, Sidewalk
      • Lot Square Footage 10,218
      • Number of Stories 3
      • Number of Units 15
      • Selling Office Commission 2%
      • Style 56-10+ Units
      • View City
      • Year Built 1965
    • Building Features
      • Roof Flat
      • Exterior Brick
      • Amenities Basement, Coin Op Laundry, Storage
      • Approx SqFt 14,616
      • Floor Covering Ceramic Tile, Laminate Hardwood, Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $23,555
      • Net Operating Income $223,484
      • Gross Scheduled Income $282,660
      • Gross Adjusted Income $282,660
      • Total Expenses $59,176
      • Other Expenses $5,315
      • Insurance Expenses $5,444
      • Expenses $59,176
      • Heating Expenses $0
      • Electrical Expenses $1,145
      • Gross Rent Multiplier 17
    • Utilities and Taxes
      • Tax Year 2020
      • Tax Amount $37,242
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Water Company City of Seattle
      • Sewer Company Sewer Connected
    • Schools
      • School District Seattle

    Contact

    • 2-10 Home Buyers Warranty
    • American Home Shield - Be sure with the Shield.

    Neighborhood

    98116 (West Seattle) Demographics

    42 Median Age
    8,537 Population Density (per sq. mile)
    70% College Educated
    $87,305 Estimated Median Income
    6,766 Estimated Total Home Owners
    5,094 Estimated Total Renters
    57% / 43% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    25,234 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $667,500 Median Sales Price
    18 Homes Sold
    53 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $5,000,000
        5/11/2020 3:53:35 PM Price Reduced Source New Value: $5,000,000 -3.85%
        3/4/2020 4:12:51 PM Price Reduced Source New Value: $5,200,000 -5.45%
        1/31/2020 3:03:38 PM Price Reduced Source New Value: $5,500,000 -6.78%
        9/11/2019 2:51:00 PM New in Database Source New Value: $5,900,000

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        About

        Melissa Taka Kershner

        Melissa Taka Kershner

        More information about me.

        About

        Greg Bowyer

        Greg Bowyer

        More information about me.

        This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. 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, 2020. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.



        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.