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2701 S Walden St Seattle WA 98144
Listing #: 665620 | Status: Available | Last Modified: 5/18/2023
Showing Instructions | |
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Call Listing Agent | No |
Use Discretion | No |
Investment Information | |
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Investment Prop | Yes |
Gross Income | 183,854 |
Vacancy Factor % | 3.04% |
Operating Expenses | 45,521 |
Net Operating Income | 132,747 |
CAP Rate | 4.94 % |
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 |
Retail Information | |
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Signage | Signage on Building and Freestanding |
Financial Summary | |
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CAP Rate | 4.940 |
Building Information | |
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Building Status | Existing |
# of Buildings | 1 |
# of Floors | 3 |
# of Units | 10 |
Total Building SF | 6,918 SF |
Net Rentable Area | 6,918 SF |
Total Office SF | 0 SF |
Largest Contiguous SF | 0 SF |
Lot SF | 7,841 SF |
Acres | 0.18 |
Year Built | 1966 |
Property Type | |
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Property Type | Multi-Family |
Investment | Yes |
Location | |
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County | King |
Market Area | S. Seattle |
Tax ID # | 1426300305 |
Zoning | LR3 |
Built in 1967 and recently renovated in 2019-2020, Quaker Court is a 10-unit apartment building located in the Mt. Baker neighborhood. This convenient, urban location is just blocks from Mt. Baker Station, several recreational parks, restaurants, and schools. The systems throughout the building that have been updated include the following: in-unit Washer/Dryer, Quartz counters, LVP flooring, stainless appliances, new decks, freshly painted exterior and common areas with new carpet. This is an excellent value-add opportunity from a management perspective, as all the heavy lifting has been completed; simply raise the income. Comparable rents nearby show that there is room to considerably raise rents without additional upgrades. The Central District has see some of the strongest rents for an
Apt. D+S #29258
Quaker Court
2701 S Walden St Seattle WA 98144
Listing #: 665620 | Status: Available | Listing Date: 10/11/2022 | Last Modified: 5/18/2023 | Email Listing