929 N 105th Street, Seattle, WA 98133

$840,000
2,812
SqFt

Listing courtesy of John L. Scott Des Moines. Selling Office: Flux Real Estate.

Sold Price
$840,000
List Price
$895,000
Status
SOLD
MLS#
1503371
Closing Date
Feb 28, 2020
Days on Market
153
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
2,812
Area Total SqFt
2812
Annual Tax Ammount
8200
Lot Size (sq ft)
3,844
Sewer
Sewer Connected

Property Description

Wonderful investment opportunity beckons. North Seattle 4-plex offers tremendous upside potential with low vacancies. Spacious newer building was built in 1991 with effective year of 2004, consists of 2 1Br/1Ba and 2 2Br/1.5Ba units, each with one covered parking on ground level. Conveniently located near public transportations, shopping and freeway access. Nearby employers include North Seattle Community College, Northwest Hospital and Northgate Mall to name a few. Not to be missed.

Additional Information

List Date
2019-09-28 00:00:00
Community
Northgate
Net Operating Income
$30,140
Gross Adjusted Income
$56,430
Gross Scheduled Income
$59,400
Total Monthly Income
$4,950
Insurance Expenses
$1,091
Water/Sewer/Garbage Expenses
$9,137
Gross Rent Multiplier
15
Total Expenses
$26,290
Cap Rate
3.37
Vacancy Rate
5
Total Number of Units
4
Unit Name
929
Potential Terms
Cash Out, Conventional
Year Built
1991
Roof
Composition
Electric Expenses
438
Other Expenses
7424
School District
Seattle
High School
Ingraham High
Total Monthly Income
$4,950
Gross Scheduled Income
$59,400
Vacancy Rate
5
Gross Adjusted Income
$56,430
Tax Year
2018
Insurance Expense
$1,091
W/S/G Expenses
$9,137
Total Expenses
$26,290
Net Operating Income
$30,140
Gross Rent Multiplier
15
Cap Rate
3.37
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