Off-Market Condo at 3221 SW Avalon Way, Seattle, WA 98126

3221 SW Avalon Way, Seattle, WA 98126

Unit - #410

$380,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $128 per day and long-term for an average of $1,918 per month, based on similar listings in the area. Estimated short-term cap rate of -0.4%. Estimated long-term cap rate of -3.3%. Bright courtyard unit with stunning views of Mt. Rainier over the West Seattle Golf Course. This unit features a large bedroom, spacious & open kitchen, double sinks in the updated bathroom & a private balcony. Move-in ready with generous storage and garage parking. Luna Court is known as a well maintained building with an active association featuring wide hallways, double elevators, a welcoming lobby plus top-floor fitness center & community room with views of Downtown Seattle. The HOA fee covers cable, high-speed internet, water, sewer, trash, & natural gas for the FP to keep you warm in the winter. Owners have private gate access to the W Seattle Golf Course & athletic track. Great location near transit, parks, The Junctions, and Alki!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$636
Rental Policy
daily
Yearly Taxes
$3540
Bedrooms
1
Bathrooms
1
SQFT
765
Furnished
N/A
Year built
1997
Listing Status
Off Market
MLS
2357760

Short-term Rental Potential
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$34,044

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$496

Price/SQFT

Long-term Rental Potential
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$23,016

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,918/mo

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