4616 Fremont Avenue N, Seattle, WA 98103
- $4,725,000
- 8,285
- SqFt
Listing courtesy of Westlake Associates, Inc.. Selling Office: Westlake Associates, Inc..
- Sold Price
- $4,725,000
- List Price
- $4,800,000
- Status
- SOLD
- MLS#
- 1530244
- Closing Date
- Dec 16, 2019
- Days on Market
- 26
- Style
- 56 - 10+ Units
- Finished SqFt
- 8,285
- Area Total SqFt
- 8285
- Annual Tax Ammount
- 25194
- Lot Size (sq ft)
- 7,400
- Sewer
- Sewer Connected
Property Description
PROPERTY HIGHLIGHTS • Turn-key investment property • Prime Fremont location • In-place 4.63% cap with upside • 1 mile to Downtown Fremont: Tableau, Google, Adobe • 3 miles to SLU: Amazon, Facebook, Fred Hutch • Renovated Studios, 1 Bedrooms, and 2 Bedrooms • Newly painted interior and exterior • Newly carpeted common areas
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Additional Information
- List Date
- 2019-11-20 00:00:00
- Community
- Fremont
- Net Operating Income
- $222,187
- Gross Adjusted Income
- $301,418
- Gross Scheduled Income
- $310,740
- Total Monthly Income
- $313,572
- Insurance Expenses
- $3,514
- Water/Sewer/Garbage Expenses
- $13,402
- Gross Rent Multiplier
- 15
- Total Expenses
- $79,231
- Cap Rate
- 4.63
- Vacancy Rate
- 3
- Total Number of Units
- 15
- Unit Name
- 4616
- Potential Terms
- Cash Out
- Year Built
- 1950
- Roof
- Flat
- Other Expenses
- 37121
- School District
- Seattle
- Total Monthly Income
- $313,572
- Gross Scheduled Income
- $310,740
- Vacancy Rate
- 3
- Gross Adjusted Income
- $301,418
- Tax Year
- 2019
- Insurance Expense
- $3,514
- W/S/G Expenses
- $13,402
- Total Expenses
- $79,231
- Net Operating Income
- $222,187
- Gross Rent Multiplier
- 15
- Cap Rate
- 4.63
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