9401 23rd Ave NE, Seattle, WA 98115

$1,990,000
6,440
SqFt

Listing courtesy of Westlake Associates, Inc..

Selling office:

Sold Price
$1,990,000
List Price
$2,000,000
Status
SOLD
MLS#
1490674
Closing Date
Sep 26, 2019
Days on Market
53
Style
55 - 5-9 Units
Finished SqFt
6,440
Lot Size (sq ft)
7,090

Property Description

8 unit apartment building composed primarily of 2 BD units with one 1 BD unit. The building has a TPO membrane roof with some pitch and double pane vinyl windows. 6 of the 2 BD units share the same floor plan while the top floor 2 BD units is more of a penthouse style with a large private deck and vaulted ceilings. Several of the units have been remodeled with new counter tops and cabinets, stainless steel appliances, flooring, mill work, doors, paint and mill work. Coin-op laundry onsite.

Additional Information

List Date
2019-07-15 00:00:00
Community
Lake City
Property Type
MULT
Units
8
Stories
3
Potential Terms
Cash Out
Year Built
1962
Total Parking
12
Uncovered Parking
8
Exterior
Wood Products
Roof
Flat
School District
Seattle
Total Monthly Income
$13,096
Gross Scheduled Income
$157,152
Vacancy Rate
5
Gross Adjusted Income
$149,294
Annual Taxes
$16,789
Tax Year
2019
Insurance Expense
$3,033
W/S/G Expenses
$8,415
Total Expenses
$46,902
Net Operating Income
$102,392
Gross Rent Multiplier
13
Cap Rate
5

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
600
Unit 1 Rent
$1,275
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
818
Unit 2 Rent
$1,592
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
818
Unit 3 Rent
$1,592
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
818
Unit 4 Rent
$1,592
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
818
Unit 5 Rent
$1,592
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
818
Unit 6 Rent
$1,592
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks