9030 Greenwood Avenue N, Seattle, WA 98103

$4,815,000
10,486
SqFt

Listing courtesy of Westlake Associates, Inc.. Selling Office: Yates, Wood & MacDonald, Inc.

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
Area Total SqFt
10486
Annual Tax Ammount
25556
Lot Size (sq ft)
8,457
Sewer
Sewer Connected

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
2018-05-09 00:00:00
Community
Greenwood
Net Operating Income
$247,731
Gross Adjusted Income
$366,817
Gross Scheduled Income
$386,040
Total Monthly Income
$32,170
Insurance Expenses
$4,500
Water/Sewer/Garbage Expenses
$32,000
Gross Rent Multiplier
12
Total Expenses
$119,087
Cap Rate
5.06
Vacancy Rate
5
Total Number of Units
3
Unit Name
9030
Potential Terms
Cash Out
Year Built
1962
Roof
Flat
Site Features
Fenced-Partially
Other Expenses
57031
School District
Seattle
Total Monthly Income
$32,170
Gross Scheduled Income
$386,040
Vacancy Rate
5
Gross Adjusted Income
$366,817
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
5.06
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