12333 33rd Avenue NE, Seattle, WA 98125

$2,135,000
10,095
SqFt

Listing courtesy of Windermere R.E. Shoreline. Selling Office: Westlake Associates, Inc..

Sold Price
$2,135,000
List Price
$1,900,000
Status
SOLD
MLS#
1659043
Closing Date
Nov 30, 2020
Days on Market
9
Style
56 - 10+ Units
Finished SqFt
10,095
Area Total SqFt
10095
Annual Tax Ammount
26000
Lot Size (sq ft)
9,900
Sewer
Sewer Connected
Offer Review Date
2020-10-01

Property Description

Tremendous opportunity to own maintained Lake City 11 Plex located in between future Northgate and 145th Light Rail Stations. Lake City Way is blocks away and provides access to every major busline as well. Significant ROI potential, future development in the area and minor updates will improve value. Five two bedroom and six one bedroom units, shared laundry and storage units provide additional income. Built in 1967 with effective rebuild date of 1992. First time on the market in 25 years.

Additional Information

List Date
2020-11-21 00:00:00
Community
Lake City
Gross Scheduled Income
$155,580
Total Monthly Income
$12,965
Gross Rent Multiplier
12
Cap Rate
6.2
Vacancy Rate
5
Total Number of Units
11
Unit Name
12333
Potential Terms
Cash Out, Conventional
Year Built
1967
Roof
Flat
Site Features
Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
School District
Seattle
Elementary School
John Rogers
Middle School
Jane Addams
High School
Nathan Hale High
Total Monthly Income
$12,965
Gross Scheduled Income
$155,580
Vacancy Rate
5
Tax Year
2020
Gross Rent Multiplier
12
Cap Rate
6.2
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