9030 Greenwood Ave N, Seattle, WA 98103

$4,815,000
10,486
SqFt

Listing courtesy of Westlake Associates, Inc.. Selling Office: .

Sold Price
$4,815,000
List Price
$4,900,000
Status
SOLD
MLS#
1254482
Closing Date
May 22, 2018
Days on Market
13
Style
56 - 10+ Units
Building Condition
['Very Good']
Finished SqFt
10,486
Lot Size (sq ft)
8,457

Property Description

The Greenwood Inn is a remodeled turn key building located shouting distance from the Greenwood retail core. The building is heavy concentrated on studio style units that function more as an open 1-bed concept. It is comprised 22 apartment units and one ground floor live work space. Coin op laundry is located on site for residents as well as 21 parking spaces (17 covered and 4 uncovered). The Greenwood Inn is a perfect investment for an investor looking for a low maintenance turn key investment.

Additional Information

List Date
2018-03-07 00:00:00
Community
Greenwood
Property Type
MULT
Units
23
Stories
3
Potential Terms
Cash Out
Year Built
1962
Total Parking
21
Uncovered Parking
4
Exterior
Cement/Concrete, Wood
Roof
Flat
Site Features
['Fenced-Partially']
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Total Monthly Income
$32,170
Gross Scheduled Income
$386,040
Vacancy Rate
5
Gross Adjusted Income
$366,817
Annual Taxes
$25,556
Tax Year
2017
Insurance Expense
$4,500
W/S/G Expenses
$32,000
Total Expenses
$119,087
Net Operating Income
$247,731
Gross Rent Multiplier
12
Cap Rate
5

Room Dimensions

Unit 1 Beds
1
Unit 1 Size
375
Unit 1 Rent
$1,195
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
850
Unit 2 Rent
$1,745
Unit 3 Beds
1
Unit 3 Size
475
Unit 3 Rent
$1,295

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

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