8820 Stone Avenue N, Seattle, WA 98103
- $2,700,000
- 6,558
- SqFt
Listing courtesy of Westlake Associates, Inc..
- List Price
- $2,700,000
- Status
- ACTIVE
- MLS#
- 2297074
- Days on Market
- 8
- Style
- 55 - 5-9 Units
- Finished SqFt
- 6,558
- Area Total SqFt
- 6558
- Annual Tax Ammount
- 18384
- Lot Size (sq ft)
- 6,938
- Sewer
- Sewer Connected
Property Description
Located in the up-and-coming neighborhood of North Green Lake, this 7-unit apartment is on the market for the first time since the current owner had it built in 1991. This property offers investors the opportunity to own and manage an easily maintained and easy to rent building with immediate rental upside and value-add potential. Each unit is spacious and has their own washer/dryer. The basement also has a laundry area that all tenants have access to. Over the years the units have been updated with new carpets, paint and appliances when needed. Located 2 blocks from a major transit line, quick and easy access to I-5 and Hwy 99, and less than a 5-minute drive to Northgate Mall and the new Light Rail Station.
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Additional Information
- List Date
- 2024-10-01 19:28:09
- Community
- Licton Springs
- Net Operating Income
- $141,626
- Gross Adjusted Income
- $190,800
- Gross Scheduled Income
- $141,626
- Total Monthly Income
- $15,900
- Insurance Expenses
- $10,750
- Water/Sewer/Garbage Expenses
- $6,400
- Gross Rent Multiplier
- 14.15
- Total Expenses
- $39,634
- Cap Rate
- 5.25
- Vacancy Rate
- 5
- Total Number of Units
- 7
- Unit Name
- 8820
- Potential Terms
- Cash Out
- Year Built
- 1991
- Roof
- Composition
- Site Features
- Fenced-Partially
- Other Expenses
- 4100
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $15,900
- Gross Scheduled Income
- $141,626
- Vacancy Rate
- 5
- Gross Adjusted Income
- $190,800
- Tax Year
- 2024
- Insurance Expense
- $10,750
- W/S/G Expenses
- $6,400
- Total Expenses
- $39,634
- Net Operating Income
- $141,626
- Gross Rent Multiplier
- 14.15
- Cap Rate
- 5.25
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.