8306 Wabash Avenue South
Seattle, WA 98118
$900,000
Last Sold Price
—
Beds
2,108 Sq. Ft.
$427 / Sq. Ft.
2,108
Sq. Ft.
$427
per Sq. Ft.
Sold 3/17/22
Sold 3/17/22
Listing provided courtesy of COMPASS, The Preview Group
Description
Investor Alert! Wonderful cash flowing property!! Excellent location, close to businesses, schools, parks and close to transit centers. Possibility for future development with commercial zoning. Remodeling includes new windows, new hot water tanks, some electrical updates and some plumbing updates. The exterior has been recently painted as well. Fully rented with dependable tenants, two of the units have new tenants and their units have been completely remodeled. The other two units are up for renewal...Investor Alert! Wonderful cash flowing property!! Excellent location, close to businesses, schools, parks and close to transit centers. Possibility for future development with commercial zoning. Remodeling includes new windows, new hot water tanks, some electrical updates and some plumbing updates. The exterior has been recently painted as well. Fully rented with dependable tenants, two of the units have new tenants and their units have been completely remodeled. The other two units are up for renewal soon with the opportunity to increase rents to market rate. Please do not disturb tenants.
Listing Agent
![Laura Lynn]()
laura.lynn@compass.comP: (425)-647-0550
Property Details for 8306 Wabash Avenue South
Community Name
Seward Park
School DistrictSeattle
Number of Assigned Spaces4
Total Covered Parking0
Offers Review Date02-15-2022
Entry Date02-11-2022
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 09/05/2024 05:44 AM
Property Details for 8306 Wabash Avenue South
| Status | Sold |
|---|---|
| MLS # | 1888267 |
| Days on Market | 4 |
| Cumulative Days on Market | 4 |
| Taxes | $6,911 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1942 |
| Lot Size | 0.09 AC / 3,727 SF |
| County | King County |
| Buyer's Agent Compensation | 2.5% |
Building Information for 8306 Wabash Avenue South
Stories1Residences4Year Built1942Building Size-Lot Size0.09 AC / 3,727 SF
Property Information for 8306 Wabash Avenue South
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Cable TV
- Area: 380 - Southeast Seattle
- Block: 2
- Effective Year Built Source: Public Records
- Directions: From Rainer Ave S turn East at S Rose Street, immediate right to Wabash Ave S . Property is on your left
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2021
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 4.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Ceramic Tile, Hardwood, Vinyl, Carpet
- Features: Ceramic Tile, Hardwood, Wall to Wall Carpet
- Amenities: Storage
- Fireplace: No
- Heating: Yes
- FIRPTA: No
Exterior Features
- Exterior: Cement/Concrete, Wood, Wood Products
- Roof: Flat
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 5289
- Power Company: SCL
- Sewer Company: SPU
- Water Company: SPU
- Power Production Type: Electric
- Utilities: Cable Connected, Sewer Connected, Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Commercial,Multi-Family
- First Right Of Refusal: false
- Possible Use: Commercial, Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1989
- Photos Count: 11
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Size Dimensions: 3727
- Lot Number: 26-27-28
- Lot Size Source: Realist
- Parcel Number Free Text: 3336000285
- Calculated Square Footage: 2108
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2108.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 4
- Number of Stories in Building: 1
- Vacancy Rate: 3
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $544
- Total Expenses: 15994
- Gross Adjusted Income: 45434
- Gross Rent Multiplier: 14
- Gross Scheduled Income: $62,400
- Insurance Expense: $3,250
- Net Operating Income: $47,306
- Other Expenses: $0
- Total Monthly Income: 5200
- Fuel Expense: $0
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2108.0
- Leasable Area Units: Square Feet
Property History for 8306 Wabash Avenue South
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 8306 Wabash Avenue South
Taxable ValueLand$335,400Additions$426,600Total$762,000
Tax Record2022$6,907 ($576 / month)
Home Facts
Total Finished SqFt2,108 SqFtAbove Ground SqFt2,108 SqFtStories2Lot Size3,727 SqFtStyleMulti-Family Dwelling (2-4)Year Built1942Year Renovated1989ZoningNC2-55 (M)CountyKINGAPN333600-0285
Schools near 8306 Wabash Avenue South
This home is within Seattle Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Emerson Elementary School PublicPK to 5 | ||
Aki Kurose Middle School Public6 to 8 | ||
Rainier Beach High School Public9 to 12 | ||
Alan T. Sugiyama High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of COMPASS
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
