8543 Midvale Avenue N, Seattle, WA 98103
- $5,725,000
- 12,008
- SqFt
Listing courtesy of Westlake Associates, Inc.. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $5,725,000
- List Price
- $5,995,000
- Status
- SOLD
- MLS#
- 1528671
- Closing Date
- Apr 30, 2020
- Days on Market
- 90
- Style
- 56 - 10+ Units
- Building Condition
- Very Good
- Finished SqFt
- 12,008
- Area Total SqFt
- 12008
- Annual Tax Ammount
- 41930
- Lot Size (sq ft)
- 5,125
- Sewer
- Sewer Connected
Property Description
Built in 2018, the Midvale Apts consist of 20 units, Built Green with large open floorplans and views of downtown and Mt Rainier, they have granite counters, heat-pump heating and air conditioning, on-demand hot water supply, tile back-splashes and crown molding, high end stainless steel KitchenAid appliances, and washers and dryers in unit. Noise reduction includes triple pane windows, and an additional thick cork underlayment for condo quality sound barriers. High quality finishes throughout.
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Additional Information
- List Date
- 2020-01-31 00:00:00
- Community
- Greenwood
- Net Operating Income
- $283,164
- Gross Adjusted Income
- $421,944
- Gross Scheduled Income
- $365,844
- Total Monthly Income
- $421,332
- Insurance Expenses
- $5,164
- Water/Sewer/Garbage Expenses
- $50,110
- Gross Rent Multiplier
- 16
- Total Expenses
- $126,053
- Cap Rate
- 4.72
- Vacancy Rate
- 3
- Total Number of Units
- 20
- Unit Name
- 8543
- Potential Terms
- Cash Out, Conventional
- Year Built
- 2018
- Roof
- See Remarks
- Other Expenses
- 28849
- School District
- Seattle
- Total Monthly Income
- $421,332
- Gross Scheduled Income
- $365,844
- Vacancy Rate
- 3
- Gross Adjusted Income
- $421,944
- Tax Year
- 2019
- Insurance Expense
- $5,164
- W/S/G Expenses
- $50,110
- Total Expenses
- $126,053
- Net Operating Income
- $283,164
- Gross Rent Multiplier
- 16
- Cap Rate
- 4.72
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