LISTING DETAILS

8820 Stone Avenue N

8820 Stone Ave N Seattle WA 98103

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

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Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Investment Information
Investment PropYes
Gross Income169,689
Vacancy Factor %5.00%
Operating Expenses39,565
Net Operating Income121,639
CAP Rate4.57 %
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Total Units7
Retail Information
SignageSignage on Building and Freestanding
Financial Summary
CAP Rate4.566
Building Information
Building StatusExisting
# of Buildings1
# of Floors3
# of Units7
Total Building SF6,558 SF
Net Rentable Area6,521 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF6,926 SF
Acres0.16
Year Built1991
Construction TypeWood
Property Type
Property TypeMulti-Family
Location
CountyKing
Market AreaGreenlake
Tax ID #0993001000
ZoningLR2M

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

8820 Stone Avenue N
8820 Stone Ave N Seattle WA 98103

Listing #: 656190 | Status: Pending | Listing Date: 7/5/2022 | Last Modified: 5/31/2023 | Email Listing

For Sale

8820 Stone Avenue N

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