9407 23rd Avenue NE, Seattle, WA 98115
- $1,575,000
- 6,170
- SqFt
Listing courtesy of Real Property Associates. Selling Office: Westlake Associates, Inc..
- Sold Price
- $1,575,000
- List Price
- $1,550,000
- Status
- SOLD
- MLS#
- 1541811
- Closing Date
- Dec 20, 2019
- Days on Market
- 9
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 6,170
- Area Total SqFt
- 6170
- Annual Tax Ammount
- 13000
- Lot Size (sq ft)
- 7,146
- Sewer
- Sewer Connected
- Offer Review Date
- 2019-11-26
Property Description
Rare opportunity to own this well appointed Ravenna 7-unit apartment building. This extremely well-maintain property consists of six 2BD units and one 3BD unit. Each unit has their own parking space. With several units remodeled and updated this apartment building is a great income producing property!
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Additional Information
- List Date
- 2019-12-11 00:00:00
- Community
- Ravenna
- Net Operating Income
- $84,751
- Gross Adjusted Income
- $136,751
- Gross Scheduled Income
- $140,980
- Total Monthly Income
- $11,440
- Insurance Expenses
- $2,300
- Water/Sewer/Garbage Expenses
- $287
- Gross Rent Multiplier
- 10
- Total Expenses
- $52,000
- Cap Rate
- 5.46
- Vacancy Rate
- 3
- Total Number of Units
- 7
- Unit Name
- 9407
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1962
- View
- Territorial
- Roof
- Flat
- Site Features
- Cable TV
- Electric Expenses
- 11000
- Other Expenses
- 25700
- School District
- Seattle
- Total Monthly Income
- $11,440
- Gross Scheduled Income
- $140,980
- Vacancy Rate
- 3
- Gross Adjusted Income
- $136,751
- Tax Year
- 2019
- Insurance Expense
- $2,300
- W/S/G Expenses
- $287
- Total Expenses
- $52,000
- Net Operating Income
- $84,751
- Gross Rent Multiplier
- 10
- Cap Rate
- 5.46
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