9032 9038 9th Avenue SW, Seattle, WA 98106
- $2,200,000
- 6,984
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $2,200,000
- List Price
- $2,150,000
- Status
- SOLD
- MLS#
- 1555497
- Closing Date
- Apr 17, 2020
- Days on Market
- 21
- Style
- 56 - 10+ Units
- Finished SqFt
- 6,984
- Area Total SqFt
- 6984
- Annual Tax Ammount
- 13710
- Lot Size (sq ft)
- 9,560
- Sewer
- Sewer Connected
Property Description
The Highland Park consists of 2 – 3 story structures built in 1976 and offers 9 - 1 BD units and 3 – 2 BD units. The structures have new efficient thermal pane windows. Units boast private decks that have recently been completely rebuilt. Exterior has been refreshed with new paint and common area improvements. New exterior doors were added to each unit including new mill work in most interiors. The parking lot has been re-striped, and pressure washed recently. Most units include dishwashers.
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Additional Information
- List Date
- 2020-03-27 00:00:00
- Community
- Highland Park
- Net Operating Income
- $121,489
- Gross Adjusted Income
- $179,983
- Gross Scheduled Income
- $189,456
- Total Monthly Income
- $15,788
- Insurance Expenses
- $2,271
- Water/Sewer/Garbage Expenses
- $13,027
- Gross Rent Multiplier
- 11
- Total Expenses
- $58,494
- Cap Rate
- 5.65
- Vacancy Rate
- 5
- Total Number of Units
- 12
- Unit Name
- 9032 9038
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1978
- Roof
- Composition
- Other Expenses
- 29487
- School District
- Seattle
- Total Monthly Income
- $15,788
- Gross Scheduled Income
- $189,456
- Vacancy Rate
- 5
- Gross Adjusted Income
- $179,983
- Tax Year
- 2019
- Insurance Expense
- $2,271
- W/S/G Expenses
- $13,027
- Total Expenses
- $58,494
- Net Operating Income
- $121,489
- Gross Rent Multiplier
- 11
- Cap Rate
- 5.65
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