2711 NE 115th Street, Seattle, WA 98125

$2,040,000
7,650
SqFt

Listing courtesy of Pilot Ventures LLC. Selling Office: Pilot Ventures LLC.

Sold Price
$2,040,000
List Price
$2,175,000
Status
SOLD
MLS#
1757741
Closing Date
Aug 27, 2021
Days on Market
74
Style
55 - 5-9 Units
Finished SqFt
7,650
Area Total SqFt
7650
Annual Tax Ammount
18825
Lot Size (sq ft)
12,650
Sewer
Sewer Connected

Property Description

The Agena features recently remodeled units with hardwood floors and updated cabinets. New TPO roof replaced in 2019 and 15 surface parking stalls, Above average 800 - 900 square foot units. The Agena Apartments are situated in Seattle’s Lake City neighborhood, strategically positioned near I-5 and SR-522 allowing for convenience and mobility in all directions. Residents will find a myriad of locally owned restaurants, cafes, and microbreweries in close proximity. The area is poised to continue on an exciting path of rapid growth and gentrification, designated as one of 6 Hub Urban Villages by the City and will benefit immensely from a growth strategy that encourages increased density of residential and commercial development.

Additional Information

List Date
2021-06-14 00:00:00
Community
Lake City
Net Operating Income
$102,157
Gross Adjusted Income
$153,270
Gross Scheduled Income
$141,930
Total Monthly Income
$12,772
Insurance Expenses
$4,071
Water/Sewer/Garbage Expenses
$10,982
Gross Rent Multiplier
15
Total Expenses
$51,113
Cap Rate
4.7
Vacancy Rate
5
Total Number of Units
9
Unit Name
2711
Potential Terms
Cash Out
Year Built
1966
Roof
Flat
Other Expenses
17234
Energy Source
Electric
School District
Seattle
Total Monthly Income
$12,772
Gross Scheduled Income
$141,930
Vacancy Rate
5
Gross Adjusted Income
$153,270
Tax Year
2020
Insurance Expense
$4,071
W/S/G Expenses
$10,982
Total Expenses
$51,113
Net Operating Income
$102,157
Gross Rent Multiplier
15
Cap Rate
4.7
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