Off-Market Condo at 75 E Lynn St, Seattle, WA 98102

75 E Lynn St, Seattle, WA 98102

Unit - #202

$399,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $138 per day and long-term for an average of $1,940 per month, based on similar listings in the area. Estimated short-term cap rate of -0.6%. Estimated long-term cap rate of -3.5%. Live in the heart of Eastlake, just above Lake Union with convenient access to the trolley, local shops, and great dining. This well-situated unit features a designated parking space just outside the lobby for a no-stairs entry to the unit. Inside, enjoy new flooring, stylish upgrades, and a nicely tiled bathroom remodel. The spacious, private balcony is perfect for morning coffee or unwinding with city light views in the evening. Additional storage is available on the balcony and in the storage room. Pet-friendly building with amenities that include a relaxing sauna. A perfect blend of comfort, location, and lifestyle.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$652
Rental Policy
daily
Yearly Taxes
$4071
Bedrooms
1
Bathrooms
1
SQFT
873
Furnished
N/A
Year built
1976
Listing Status
Off Market
MLS
2346816

Short-term Rental Potential
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$35,016

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$457

Price/SQFT

Long-term Rental Potential
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$23,280

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,940/mo

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