15530 Bothell Wy NE, Lake Forest Park, WA 98155

$14,500,000

Listing courtesy of Westlake Associates, Inc..

List Price
$14,500,000
Status
ACTIVE
MLS#
1436862
Days on Market
9
Style
56 - 10+ Units
Building Condition
['Very Good']
Lot Size (sq ft)
48,300

Property Description

Built in 1965, Sheridan Beach Terrace is a renovated 53 unit building w/ panoramic views of Lake Washington. Mix of studio, 1 bedroom, 2 bedroom and 3 bedroom units all with WD. 65% of units have a view / some with expansive decks and panoramic views of Lake Washington and the Cascades. Spacious community deck with furniture and hosting options. Current rents are 10%+ below market. Less than 10 minutes from the Downtown Bothell redevelopment and the University of Washington Bothell campus.

Additional Information

List Date
2019-04-09 00:00:00
Community
Sheridan Beach
Property Type
MULT
Units
53
Stories
6
Potential Terms
Cash Out
Year Built
1965
Total Parking
70
Uncovered Parking
60
View
Lake, Mountain
Exterior
Stone, Stucco, Wood
Roof
Flat
School District
Shoreline
Total Monthly Income
$94,179
Gross Scheduled Income
$1,130,148
Vacancy Rate
56507
Gross Adjusted Income
$1,073,641
Annual Taxes
$150,293
Tax Year
2019
Insurance Expense
$13,835
W/S/G Expenses
$51,766
Total Expenses
$346,979
Net Operating Income
$726,662
Gross Rent Multiplier
13
Cap Rate
5

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
630
Unit 1 Rent
$1,250
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
910
Unit 2 Rent
$1,595
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
630
Unit 3 Rent
$1,225
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
910
Unit 4 Rent
$1,595
Unit 5 Beds
3
Unit 5 Baths
2.00
Unit 5 Size
1600
Unit 5 Rent
$2,195
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
910
Unit 6 Rent
$1,750

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