9201 9225 Densmore Ave N, Seattle, WA 98103

$11,900,000
39,690
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$11,900,000
Status
ACTIVE
MLS#
1487210
Days on Market
7
Style
56 - 10+ Units
Finished SqFt
39,690
Lot Size (sq ft)
60,366

Property Description

The Blanchet Townhomes are situated just two blocks from North Seattle College and offer a new owner the opportunity to renovate and add value. The complex offers large 1,450 SF two-story townhouses. Nine triplexes on nine separate tax parcels make up the 27 three and four bedroom units. This is a nice property that is well maintained. Approximately 12 of the units have been upgraded with hard surface flooring.

Additional Information

List Date
2019-07-09 00:00:00
Community
Licton Springs
Property Type
MULT
Units
27
Stories
2
Potential Terms
Cash Out
Year Built
1962
Total Parking
33
Uncovered Parking
33
Exterior
Wood, Wood Products
Roof
Composition
School District
Seattle
Total Monthly Income
$61,966
Gross Scheduled Income
$743,596
Vacancy Rate
3
Gross Adjusted Income
$721,288
Annual Taxes
$86,304
Tax Year
2019
Insurance Expense
$9,416
W/S/G Expenses
$55,675
Total Expenses
$227,470
Net Operating Income
$493,818
Gross Rent Multiplier
16
Cap Rate
4

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
2.00
Unit 1 Size
1450
Unit 1 Rent
$1,930
Unit 2 Beds
3
Unit 2 Baths
2.00
Unit 2 Size
1450
Unit 2 Rent
$2,475
Unit 3 Beds
4
Unit 3 Baths
2.00
Unit 3 Size
1450
Unit 3 Rent
$2,030
Unit 4 Beds
3
Unit 4 Baths
2.00
Unit 4 Size
1450
Unit 4 Rent
$2,605
Unit 5 Beds
3
Unit 5 Baths
2.00
Unit 5 Size
1450
Unit 5 Rent
$2,605
Unit 6 Beds
4
Unit 6 Baths
2.00
Unit 6 Size
1450
Unit 6 Rent
$2,600
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