8500 Fremont Ave N, Seattle, WA 98103

$2,700,000
8,576
SqFt

Listing courtesy of Windermere RE Greenwood.

List Price
$2,700,000
Status
ACTIVE
MLS#
1423393
Days on Market
9
Style
55 - 5-9 Units
Building Condition
['Good']
Finished SqFt
8,576
Lot Size (sq ft)
5,100

Property Description

The Cardigan is a comfortable 9-unit multi-family apartment building just north of downtown Seattle and only three short blocks from “Greenwood Crossing”. It consists of 7 spacious 1 bedroom units, 1 two bedroom and 1 studio unit. Units are approximately 650-900 sq ft, with the exception of the studio which is 300 asf. One unique feature of this building is the units may be rented furnished or unfurnished, tapping into a unique niche market for Seattle’s high-tech and medical staff.

Additional Information

List Date
2019-03-13 00:00:00
Community
Greenwood
Property Type
MULT
Units
9
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1978
Total Parking
12
Uncovered Parking
4
View
Mountain, Territorial
Exterior
Stucco
Roof
Flat, Torch Down
Site Features
Cable TV, Deck
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Total Monthly Income
$15,940
Gross Scheduled Income
$201,180
Vacancy Rate
3
Gross Adjusted Income
$195,145
Annual Taxes
$16,723
Tax Year
2018
Insurance Expense
$3,646
W/S/G Expenses
$7,955
Total Expenses
$41,358
Net Operating Income
$150,415
Gross Rent Multiplier
13
Cap Rate
5

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
668
Unit 1 Rent
$1,550
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
656
Unit 2 Rent
$1,795
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
656
Unit 3 Rent
$1,795
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
668
Unit 4 Rent
$1,795
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
656
Unit 5 Rent
$1,695
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
656
Unit 6 Rent
$1,795
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