9043 35th Ave SW, Seattle, WA 98126
- $3,185,000
- 7,976
- SqFt
Listing courtesy of The Foundation Group LLC.
- List Price
- $3,185,000
- Status
- ACTIVE
- MLS#
- 2246708
- Days on Market
- 80
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 7,976
- Area Total SqFt
- 7976
- Annual Tax Ammount
- 29134
- Lot Size (sq ft)
- 13,216
- Sewer
- Available
Property Description
The Rogene Apartments, a distinctive mid-century marblecrete building, has been modernized with a fresh color scheme. Originally from the late 1950s, it features updated 1-bedroom units, luxury carpet, new windows, quartz countertops, new cabinets, stainless steel appliances, tile backsplash, all-new bathrooms, vinyl hardwood flooring, and a new roof (2016). With an estimated 300 SF of underutilized storage ideal for conversion to a studio unit, this low-maintenance property is in Fauntleroy, near Puget Sound and Westwood shopping center, with direct downtown Seattle access via the C-bus line. Future redevelopment possibility with 13,216 SqFt of NC2P-55 upzoned land.
Additional Information
- List Date
- 2024-06-19 12:49:04
- Community
- Fauntleroy
- Net Operating Income
- $169,866
- Gross Adjusted Income
- $228,377
- Gross Scheduled Income
- $235,440
- Total Monthly Income
- $21,281
- Insurance Expenses
- $5,736
- Water/Sewer/Garbage Expenses
- $13,504
- Gross Rent Multiplier
- 14
- Total Expenses
- $82,735
- Cap Rate
- 5.33
- Vacancy Rate
- 3
- Total Number of Units
- 13
- Unit Name
- 9043
- Potential Terms
- Conventional
- Year Built
- 1959
- Roof
- Flat
- Site Features
- Patio
- Other Expenses
- 34361
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $21,281
- Gross Scheduled Income
- $235,440
- Vacancy Rate
- 3
- Gross Adjusted Income
- $228,377
- Tax Year
- 2024
- Insurance Expense
- $5,736
- W/S/G Expenses
- $13,504
- Total Expenses
- $82,735
- Net Operating Income
- $169,866
- Gross Rent Multiplier
- 14
- Cap Rate
- 5.33
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