3019 NE 130TH Street Unit #1-7, Seattle, WA 98125

$1,930,000
6,795
SqFt

Listing courtesy of Sterling Johnston Real Estate. Selling Office: John L. Scott, Inc..

Sold Price
$1,930,000
List Price
$1,810,000
Status
SOLD
MLS#
1174617
Closing Date
Oct 16, 2017
Days on Market
5
Style
55 - 5-9 Units
Building Condition
Very Good
Finished SqFt
6,795
Area Total SqFt
6795
Annual Tax Ammount
14380
Lot Size (sq ft)
8,648
Sewer
Sewer Connected

Property Description

7 unit-Value add opportunity,Market Cap rate 5.5%,increase income immediately!1999 construction,Walking distance to local shops and restaurants.Minutes to 405 /I-5,downtown Seattle,UW & Northgate. low maintenance,fully sprinklered. Secure entrance,8 covered parking spots in garage.Split zoned LR2 and NC 3-65(urban village)No required parking, potential to add new apartments or new units,washer/dryers, large units &decks/patios Professionally managed,Vinyl siding,dual-pane windows,storage lockers

Additional Information

List Date
2017-10-11 00:00:00
Community
Lake City
Net Operating Income
$79,805
Gross Adjusted Income
$125,089
Gross Scheduled Income
$128,957
Total Monthly Income
$10,747
Insurance Expenses
$2,888
Water/Sewer/Garbage Expenses
$9,632
Gross Rent Multiplier
14
Total Expenses
$45,284
Cap Rate
4.4
Vacancy Rate
4
Total Number of Units
7
Unit Name
3019
Potential Terms
Cash Out, Conventional
Year Built
1999
View
City
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, Sprinkler System
Other Expenses
18384
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$10,747
Gross Scheduled Income
$128,957
Vacancy Rate
4
Gross Adjusted Income
$125,089
Tax Year
2017
Insurance Expense
$2,888
W/S/G Expenses
$9,632
Total Expenses
$45,284
Net Operating Income
$79,805
Gross Rent Multiplier
14
Cap Rate
4.4
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