12000 Sand Point Way NE, Seattle, WA 98125

$2,007,100
5,660
SqFt

Listing courtesy of Ku Realty & Associates, Inc.. Selling Office: Windermere Real Estate Co..

Sold Price
$2,007,100
List Price
$2,295,000
Status
SOLD
MLS#
1082970
Closing Date
Nov 14, 2017
Days on Market
129
Style
56 - 10+ Units
Finished SqFt
5,660
Area Total SqFt
5660
Annual Tax Ammount
12050
Lot Size (sq ft)
6,156
Sewer
Sewer Connected

Property Description

Rare opportunity to own a 10-unit apt complex in Seattle. Seven 1-BR & three 2-BR units. Tenants reimburse landlord for water, sewer& garbage. Two units have full size washer/dryer, other units utilize coin laundry on site Great access to bus route (75),University of Washington, Children's Hospital and other public amenities including beaches, parks and trails. Easy to maintain and manage. Additional income of $8,370 per year from T-Mobile cel. tower. Please refer to marketing flyer for details.

Additional Information

List Date
2017-07-08 00:00:00
Community
Sand Point
Net Operating Income
$109,988
Gross Adjusted Income
$138,668
Gross Scheduled Income
$134,400
Total Monthly Income
$12,588
Insurance Expenses
$2,500
Water/Sewer/Garbage Expenses
$10,500
Gross Rent Multiplier
17
Total Expenses
$37,050
Cap Rate
4.79
Vacancy Rate
3
Total Number of Units
10
Unit Name
12000
Potential Terms
Cash Out, Conventional
Year Built
1955
Roof
Torch Down
Site Features
Cable TV, Deck, Fenced-Partially, Patio
Other Expenses
12000
School District
Seattle
Elementary School
John Rogers
Middle School
Eckstein Mid
High School
Nathan Hale High
Total Monthly Income
$12,588
Gross Scheduled Income
$134,400
Vacancy Rate
3
Gross Adjusted Income
$138,668
Tax Year
2016
Insurance Expense
$2,500
W/S/G Expenses
$10,500
Total Expenses
$37,050
Net Operating Income
$109,988
Gross Rent Multiplier
17
Cap Rate
4.79
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