10560 Stone Ave N, Seattle, WA 98133

$1,295,000
5,157
SqFt

Listing courtesy of Pilot Ventures LLC.

List Price
$1,295,000
Status
PENDING
MLS#
1454542
Days on Market
11
Style
55 - 5-9 Units
Finished SqFt
5,157
Lot Size (sq ft)
8,629

Property Description

Homes at Stone 6 offer spacious and open floor plans. Select units feature in-unit washers/dryers, and a spacious laundry room serves the remaining units. Stone 6 is poised well for growth and offers residents a unique option that feels like home. A buyer has the potential to implement a modest value-add strategy to capture ample upside and further stabilize operations (~20% increase in rents). Buyer can achieve a 6%+ cash-on-cash return on pro-forma metrics.

Additional Information

List Date
2019-05-09 00:00:00
Community
Seattle
Property Type
MULT
Units
6
Stories
2
Potential Terms
Cash Out
Year Built
1969
Total Parking
8
Uncovered Parking
8
Exterior
Wood
Roof
Flat
Lot Details
Corner Lot
School District
Seattle
Total Monthly Income
$8,389
Gross Scheduled Income
$97,380
Vacancy Rate
5
Gross Adjusted Income
$95,799
Annual Taxes
$11,425
Tax Year
2019
Insurance Expense
$2,853
W/S/G Expenses
$8,844
Total Expenses
$36,787
Net Operating Income
$59,012
Gross Rent Multiplier
13
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
625
Unit 1 Rent
$925
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
950
Unit 2 Rent
$995
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
625
Unit 3 Rent
$850
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
725
Unit 4 Rent
$1,450
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
725
Unit 5 Rent
$1,500
Unit 6 Beds
3
Unit 6 Baths
2.00
Unit 6 Size
1500
Unit 6 Rent
$2,395
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks