9401 23rd Avenue NE, Seattle, WA 98115

$1,990,000
6,440
SqFt

Listing courtesy of Westlake Associates, Inc.. Selling Office: ZNonMember-Office-MLS.

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
Area Total SqFt
6440
Annual Tax Ammount
16789
Lot Size (sq ft)
7,090
Sewer
Sewer Connected

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
2019-08-04 00:00:00
Community
Lake City
Net Operating Income
$102,392
Gross Adjusted Income
$149,294
Gross Scheduled Income
$157,152
Total Monthly Income
$13,096
Insurance Expenses
$3,033
Water/Sewer/Garbage Expenses
$8,415
Gross Rent Multiplier
13
Total Expenses
$46,902
Cap Rate
5.12
Vacancy Rate
5
Total Number of Units
8
Unit Name
9401
Potential Terms
Cash Out
Year Built
1962
Roof
Flat
Other Expenses
18665
School District
Seattle
Total Monthly Income
$13,096
Gross Scheduled Income
$157,152
Vacancy Rate
5
Gross Adjusted Income
$149,294
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
5.12
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