4108 4110 Fremont Avenue N, Seattle, WA 98103

$3,400,000

Listing courtesy of Kidder Mathews.

List Price
$3,400,000
Status
ACTIVE
MLS#
1811719
Days on Market
9
Style
56 - 10+ Units
Area Total SqFt
6489
Lot Size (sq ft)
4,800

Property Description

Positioned on the retail corridor of Fremont Avenue in Seattle’s desirable Fremont neighborhood, and across the street from B.F. Day Playground, the Carol Apartments is a 10-unit apartment community boasting an excellent unit mix of spacious studio and one-bedroom units. Comprised of two buildings, four of the apartments are 2017-built and boast modern finishes and in-unit washer/dryers, while the remaining six original 1962-built units have been remodeled. The property’s walkable location near major employers, parks, entertainment, and highway access, combined with its appealing unit mix and four off-street parking spaces, make it an exceptional acquisition opportunity

Additional Information

List Date
2021-07-21 00:00:00
Community
Fremont
Potential Terms
Cash Out, Conventional
Year Built
1962
View
City, Partial
Roof
Flat
School District
Seattle
Elementary School
Bf Day
Middle School
Hamilton Mid
High School
Lincoln High
Total Monthly Income
$17,228
Gross Scheduled Income
$206,740
Vacancy Rate
4
Gross Adjusted Income
$199,297
Tax Year
2021
Insurance Expense
$4,052
W/S/G Expenses
$13,818
Total Expenses
$69,224
Net Operating Income
$130,073
Gross Rent Multiplier
16
Cap Rate
3
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