19623 15th Ave NE, Shoreline, WA 98155

$1,400,000
6,204
SqFt

Listing courtesy of Westlake Associates, Inc..

List Price
$1,400,000
Status
ACTIVE
MLS#
1527437
Days on Market
12
Style
55 - 5-9 Units
Finished SqFt
6,204
Lot Size (sq ft)
7,500

Property Description

Emily Rose Apartments is in the highly desirable City of Shoreline. The building is a low maintenance 5 unit built in 1973 of wood frame construction with a marble Crete exterior, 5 covered parking stalls and one garage. The unit mix consists of 2 (2x1), 1 (2x2), 1 (1x1) and a studio. Features of the building include: Updated windows, copper plumbing, storage & close in proximity to the future light rail station, I-5 and Ballinger Way. Seller is open to being cashed out or carrying the note.

Additional Information

List Date
2019-10-03 00:00:00
Community
North City
Property Type
MULT
Units
5
Stories
2
Potential Terms
Cash Out, Owner Financing
Year Built
1973
Total Parking
7
Uncovered Parking
1
Exterior
Cement/Concrete, See Remarks
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Fully, Fenced-Partially
School District
Shoreline
Total Monthly Income
$5,305
Gross Scheduled Income
$63,660
Vacancy Rate
3
Gross Adjusted Income
$61,459
Annual Taxes
$11,231
Tax Year
2019
Insurance Expense
$1,500
W/S/G Expenses
$1,200
Total Expenses
$16,431
Net Operating Income
$45,028
Gross Rent Multiplier
22
Cap Rate
3

Room Dimensions

Unit 1 Baths
1.00
Unit 1 Size
550
Unit 1 Rent
$950
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
750
Unit 2 Rent
$975
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
900
Unit 3 Rent
$900
Unit 4 Beds
2
Unit 4 Baths
2.00
Unit 4 Size
900
Unit 4 Rent
$1,100
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
900
Unit 5 Rent
$1,200
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