8820 Stone Ave N
Seattle WA 98103

8820 Stone Avenue N

8820 Stone Ave N Seattle WA 98103

Listing #: 656190 | Status: Pending | Last Modified: 5/31/2023 |

For Sale
Travis Kannier
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
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Price Information
  • Listing Price$ 2,850,000.0
  • $/SF$ 437.0
  • $/Unit$ 407,142.9
  • Listing StatusPending
  • Days on Market872
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income169,689
  • Vacancy Factor %5.00%
  • Operating Expenses39,565
  • Net Operating Income121,639
  • CAP Rate 4.57 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units7
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 4.57 %
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors3
  • # of Units7
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF6558
  • Net Rentable Area6521
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF6926
  • Acres0.16
Property Type
  • Property TypeMulti-Family
  • Office Type
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaGreenlake
  • Tax ID #0993001000
  • Additional Parcels
  • ZoningLR2M
Construction
  • Year Built1991
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeWood

North Seattle Value-Add Multifamily For Sale

Public Comments

Located in the up-and-coming neighborhood of North Green Lake, this 7-unit apartment building is on the market for the first time since the current owner had it built in 1991. This property offers investors the opportunity to own and manage an easily maintained and easy to rent building with immediate rental upside and value-add potential. Proforma rents suggest this is a 5%+ Cap Investment. The current unit mix consist of five , two bedrooms, two bath units and two, three bedrooms with two bath units. Each unit is spacious and has their own washer and dryer. Over the years the units have been updated with new carpets, paint and appliances when needed. The basement also has a laundry area that all tenants have access to. The location of this property is ideal for navigating the city. Lo

Listing Images