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#
- 2296697
- Days on Market
- 175
- 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
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.
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Additional Information
- List Date
- 2024-04-18 00:02:09
- 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
- Elementary School
- Daniel Bagley
- Middle School
- Robert Eagle Staff Middle School
- High School
- Ingraham High
- 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
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.