1146 N 91st Street, Seattle, WA 98103

$2,965,000
8,115
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$2,965,000
Status
ACTIVE
MLS#
2261695
Days on Market
16
Style
56 - 10+ Units
Finished SqFt
8,115
Area Total SqFt
8115
Annual Tax Ammount
25244
Lot Size (sq ft)
7,520
Sewer
Available

Property Description

Built in 1986, the Villa Maria Apartments is a tastefully renovated 11-unit property located just north of Green Lake and steps away from the newly built Robert Eagle Staff Middle School. Within walking distance or a short drive, residents can get to North Seattle College, Northgate Station and Green Lake with an abundance of surrounding amenities and recreational opportunities. The property was renovated in 2010 and received a new roof, windows, and common area upgrades in addition to renovating the interior of the units. Units have newer cabinets, stone countertops, stainless steel appliances, partial laminate hardwood flooring, and updated fixtures. Each unit has a washer/dryer and private balcony/patio.

Additional Information

List Date
2024-07-08 21:52:09
Community
Licton Springs
Net Operating Income
$150,284
Gross Adjusted Income
$222,341
Gross Scheduled Income
$321,605
Total Monthly Income
$19,300
Insurance Expenses
$4,013
Water/Sewer/Garbage Expenses
$15,324
Gross Rent Multiplier
12.8
Total Expenses
$72,057
Cap Rate
5.07
Vacancy Rate
4
Total Number of Units
11
Unit Name
1146
Potential Terms
Cash Out, Conventional
Year Built
1986
Roof
Composition
Other Expenses
27476
Energy Source
Electric
School District
Seattle
Total Monthly Income
$19,300
Gross Scheduled Income
$321,605
Vacancy Rate
4
Gross Adjusted Income
$222,341
Tax Year
2024
Insurance Expense
$4,013
W/S/G Expenses
$15,324
Total Expenses
$72,057
Net Operating Income
$150,284
Gross Rent Multiplier
12.8
Cap Rate
5.07
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