8543 Midvale Ave N, Seattle, WA 98103

$6,295,000
12,008
SqFt

Listing courtesy of Westlake Associates, Inc..

List Price
$6,295,000
Status
ACTIVE
MLS#
1528671
Days on Market
7
Style
56 - 10+ Units
Building Condition
['Very Good']
Finished SqFt
12,008
Lot Size (sq ft)
5,125

Property Description

Built in 2018, the Midvale Apts consist of 20 units, Built Green with large open floorplans and views of downtown and Mt Rainier, they have granite counters, heat-pump heating and air conditioning, on-demand hot water supply, tile back-splashes and crown molding, high end stainless steel KitchenAid appliances, and washers and dryers in unit. Noise reduction includes triple pane windows, and an additional thick cork underlayment for condo quality sound barriers. High quality finishes throughout.

Additional Information

List Date
2019-10-08 00:00:00
Community
Greenwood
Property Type
MULT
Units
20
Stories
5
Potential Terms
Cash Out, Conventional
Year Built
2018
Total Parking
5
Uncovered Parking
5
Exterior
Cement/Concrete
Roof
See Remarks
School District
Seattle
Total Monthly Income
$421,332
Gross Scheduled Income
$421,332
Vacancy Rate
4
Gross Adjusted Income
$408,797
Annual Taxes
$41,516
Tax Year
2019
Insurance Expense
$5,123
W/S/G Expenses
$49,576
Total Expenses
$125,064
Net Operating Income
$283,733
Gross Rent Multiplier
17
Cap Rate
4

Room Dimensions

Unit 1 Baths
1.00
Unit 1 Size
450
Unit 1 Rent
$1,249
Unit 2 Baths
1.00
Unit 2 Size
495
Unit 2 Rent
$1,400
Unit 3 Baths
1.00
Unit 3 Size
350
Unit 3 Rent
$877
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
525
Unit 4 Rent
$1,475
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
515
Unit 5 Rent
$1,355
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
515
Unit 6 Rent
$1,425
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