5634 Brooklyn Avenue NE, Seattle, WA 98105

$1,495,000

Listing courtesy of Paragon Real Estate Advisors.

List Price
$1,495,000
Status
ACTIVE
MLS#
1803470
Price Change
▼ $55,000 1630456326
Days on Market
106
Style
55 - 5-9 Units
Area Total SqFt
2070
Lot Size (sq ft)
2,602

Property Description

Turnkey 8 bedroom 3 bath asset was built in 2019 and provides perfect accommodations for student housing. Currently operating at a 5.9% CAP RATE.This well built, low maintenance property, is currently under a corporate master lease providing a great return on investment. This offering presents a rare opportunity to purchase a well-maintained building in one of Seattle’s fastest growing markets, the U-District, while taking advantage of the exponential growth yet to come.

Additional Information

List Date
2021-07-07 00:00:00
Community
Roosevelt
Potential Terms
Cash Out, Conventional
Year Built
2019
Roof
Flat
Heating/Cooling Type
Baseboard
Other Expenses
1500
Energy Source
Electric
School District
Seattle
Total Monthly Income
$7,877
Gross Scheduled Income
$94,526
Gross Adjusted Income
$94,526
Tax Year
2021
Insurance Expense
$1,155
Total Expenses
$5,777
Net Operating Income
$88,749
Gross Rent Multiplier
15
Cap Rate
5
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