9512 Interlake Avenue N, Seattle, WA 98103
- $4,998,000
- 15,080
- SqFt
Listing courtesy of CPX LLC.
- List Price
- $4,998,000
- Status
- ACTIVE
- MLS#
- 2071900
- Price Change
- ▼ $44,982,000 1684892998
- Days on Market
- 6
- Style
- 56 - 10+ Units
- Finished SqFt
- 15,080
- Area Total SqFt
- 15080
- Annual Tax Ammount
- 41656
- Lot Size (sq ft)
- 10,000
- Sewer
- Sewer Connected
Property Description
The offering provides the opportunity to acquire Carolyn Court (”the Property”), a 21-unit, three-story apartment building located near the Northgate district of Seattle, Washington. This is a quality asset built in 1989 with a proven value-add plan to renovate the remaining classic units and improve the net operating income by an estimated 40%, while benefiting from growth in a transportation and an amenity-rich Seattle location. The Property has been well maintained by the current owners with nearly $280,000 in capital improvements invested in the property over the last several years. The Property is equipped with a gated parking garage below the building that has 25 parking stalls and a secure front entry system.
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Additional Information
- List Date
- 2023-05-23 20:45:10
- Community
- Northgate
- Net Operating Income
- $238,662
- Gross Adjusted Income
- $374,269
- Gross Scheduled Income
- $358,380
- Total Monthly Income
- $32,682
- Insurance Expenses
- $10,132
- Water/Sewer/Garbage Expenses
- $27,541
- Gross Rent Multiplier
- 13.9
- Total Expenses
- $135,606
- Cap Rate
- 4.8
- Vacancy Rate
- 5
- Total Number of Units
- 21
- Unit Name
- 9512
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1989
- Roof
- Flat
- Other Expenses
- 56277
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $32,682
- Gross Scheduled Income
- $358,380
- Vacancy Rate
- 5
- Gross Adjusted Income
- $374,269
- Tax Year
- 2023
- Insurance Expense
- $10,132
- W/S/G Expenses
- $27,541
- Total Expenses
- $135,606
- Net Operating Income
- $238,662
- Gross Rent Multiplier
- 13.9
- Cap Rate
- 4.8
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