2460 NE Northgate Way, Seattle, WA 98125
- $2,000,000
- 5,800
- SqFt
Listing courtesy of Keller Williams Seattle Metro. Selling Office: Skyline Properties, Inc..
- Sold Price
- $2,000,000
- List Price
- $2,190,000
- Status
- SOLD
- MLS#
- 2206896
- Closing Date
- Jul 12, 2024
- Days on Market
- 56
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 5,800
- Area Total SqFt
- 5800
- Annual Tax Ammount
- 17536
- Lot Size (sq ft)
- 8,000
- Sewer
- Sewer Connected
Property Description
This boutique 10 unit apartment checks all the boxes with its ideal location, mid-mod vibes, ample parking & strong cash flow. Fully stabilized with updated units, market rents & excellent professional management! Offered at a true 6.4% Cap Rate! A good unit mix of 2 beds, 1 beds, studios plus easy access to Northgate & Lake City Way attract solid commuter tenants. All units were remodeled to the studs with sleek new kitchens, baths, SS appliances, tile backsplash & pops of chic Hawaiian themed touches. Recent CapX includes new windows, 30 year TPO roof & updated plumbing throughout. Coin Op laundry provides additional income. In a world of bland & drab apartment buildings-be an Aloha House... don't miss this unique turnkey investment!
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Additional Information
- List Date
- 2024-05-17 00:00:00
- Community
- Seattle
- Net Operating Income
- $139,406
- Gross Adjusted Income
- $186,032
- Gross Scheduled Income
- $189,792
- Total Monthly Income
- $15,816
- Insurance Expenses
- $2,350
- Water/Sewer/Garbage Expenses
- $9,240
- Gross Rent Multiplier
- 12
- Total Expenses
- $46,625
- Cap Rate
- 6.4
- Vacancy Rate
- 2
- Total Number of Units
- 10
- Unit Name
- 2460
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1962
- View
- City
- Roof
- Flat
- Electric Expenses
- 1424
- Other Expenses
- 16075
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $15,816
- Gross Scheduled Income
- $189,792
- Vacancy Rate
- 2
- Gross Adjusted Income
- $186,032
- Tax Year
- 2023
- Insurance Expense
- $2,350
- W/S/G Expenses
- $9,240
- Total Expenses
- $46,625
- Net Operating Income
- $139,406
- Gross Rent Multiplier
- 12
- Cap Rate
- 6.4
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.