8001 Densmore Avenue N, Seattle, WA 98103

$4,995,000
8,600
SqFt

Listing courtesy of Lee & Associates Commercial RE.

List Price
$4,995,000
Status
ACTIVE
MLS#
2216904
Days on Market
16
Style
56 - 10+ Units
Finished SqFt
8,600
Area Total SqFt
8600
Annual Tax Ammount
37627
Lot Size (sq ft)
14,805
Sewer
Sewer Connected
Offer Review Date
2024-04-26

Property Description

Seller Financing available with25%down, at 5% Interest only for 5 years. Desirable & spacious unit mix including two 1-bedrooms, seven 2-bedrooms, and one 3-bedroom which include garages for off street parking or storage. Well-situated nearby amenities & employment drivers. Current below market rents provide future rent upside Well-maintained pride of ownership buildings, provides future investor with current cashflow and peace of mind for key building systems. Please do not disturb or contact tenants in any way.

Additional Information

List Date
2024-03-29 23:09:09
Community
Green Lake
Net Operating Income
$260,589
Gross Adjusted Income
$314,640
Gross Scheduled Income
$331,200
Total Monthly Income
$30,171
Insurance Expenses
$4,000
Water/Sewer/Garbage Expenses
$13,000
Gross Rent Multiplier
15.1
Total Expenses
$84,902
Cap Rate
5.22
Vacancy Rate
5
Total Number of Units
10
Unit Name
8001
Potential Terms
Owner Financing
Year Built
1945
Roof
Composition
Other Expenses
30275
Energy Source
Natural Gas
School District
Seattle
Total Monthly Income
$30,171
Gross Scheduled Income
$331,200
Vacancy Rate
5
Gross Adjusted Income
$314,640
Tax Year
2024
Insurance Expense
$4,000
W/S/G Expenses
$13,000
Total Expenses
$84,902
Net Operating Income
$260,589
Gross Rent Multiplier
15.1
Cap Rate
5.22
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