Exclusive Off-Market Magnolia 5-Plex 🏡

Published: Mon, 03/17/25

Updated: Thu, 03/20/25

🏡Exclusive Off-Market Magnolia 5-Plex💰

✅Strong Rental Area with Continued Growth

✅Furnished Units

Please call for full address (206)487-1975

Remodeled

Starting Price

$1,475,000

🏡 Property Overview:

📈 After Repair Value(ARV):$1,800,000– $1,900,000
🛏 : 5 Units
📐 Living Space: 5,136 sqft
🌳 Lot Size: 6,000
💒 Zoning: LR1

Neighborhood:

Magnolia, a high-demand area in Seattle with a strong rental market and proximity to major amenities.

Annual Gross Scheduled Income:

$136,800

Monthly Rental Income:

$11,400(Proforma)

Net Operating Income (NOI):

$89,260

Cap Rate: 6%

2024 Numbers

Total Expenses: $22,522 (Does not Include property tax)
Total Rent Roll: $119,400

Click here for more photos

ARV:

$1,800,000-$1,900,000

Call/text for Appt:

(206)487-1975

Important Info:

Cash or Hard Money only(conventional not accepted)

Offer Review will be 6pm on Thursday March 20

SKIP THE LINE: Now accepting sight unseen offers !! Must drop 20k non refundable earnest to lock the offer in.

TEXT DEALS to (425) 522-6934

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.

Disclaimer: This company makes no warranty or representation about the content of this post. It is your responsibility to independently confirm the accuracy and competencies. Any projections, opinions, or assumptions used are for example only and do not represent the current or future performance of this property.

P.O. Box 20321
Seattle WA 98102
US

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