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8820 Stone Ave N Seattle WA 98103
Listing #: 656190 | Status: Pending | Last Modified: 5/31/2023
Showing Instructions | |
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Call Listing Agent | No |
Use Discretion | No |
Investment Information | |
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Investment Prop | Yes |
Gross Income | 169,689 |
Vacancy Factor % | 5.00% |
Operating Expenses | 39,565 |
Net Operating Income | 121,639 |
CAP Rate | 4.57 % |
Detail Listing Information | |
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Min Total SF | 0 SF |
Max Total SF | 0 SF |
Lease Rate Low | $ 0.00 |
Lease Rate High | $ 0.00 |
Total Units | 7 |
Retail Information | |
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Signage | Signage on Building and Freestanding |
Financial Summary | |
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CAP Rate | 4.566 |
Building Information | |
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Building Status | Existing |
# of Buildings | 1 |
# of Floors | 3 |
# of Units | 7 |
Total Building SF | 6,558 SF |
Net Rentable Area | 6,521 SF |
Total Office SF | 0 SF |
Largest Contiguous SF | 0 SF |
Lot SF | 6,926 SF |
Acres | 0.16 |
Year Built | 1991 |
Construction Type | Wood |
Property Type | |
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Property Type | Multi-Family |
Location | |
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County | King |
Market Area | Greenlake |
Tax ID # | 0993001000 |
Zoning | LR2M |
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