12040 28th Avenue NE, Seattle, WA 98125

$4,400,000
36,172
SqFt

Listing courtesy of Homes & Equity Real Estate Grp. Selling Office: Homes & Equity Real Estate Grp.

Sold Price
$4,400,000
List Price
$5,150,000
Status
SOLD
MLS#
746491
Closing Date
Jun 29, 2015
Days on Market
29
Style
56 - 10+ Units
Building Condition
Good
Finished SqFt
36,172
Area Total SqFt
36172
Annual Tax Ammount
24973
Lot Size (sq ft)
10,610
Sewer
Sewer Connected

Property Description

The Baldwin Apartments was built in 1976 and consists of 28 units. The building features a low maintenance design with several amenities including: new exterior paint,roof, interior hallway carpet, copper plumbing, elevator, intercom system, storage, & 31 parking spaces. The unit mix consists of 16 (1) bedroom units that are approximately 860 sqf and 12, (2) bedroom units that are approximately 1075 sqf. All units have an open kitchen, hot water heaters, private covered deck. Easy access to I5

Additional Information

List Date
2015-05-31 00:00:00
Community
Lake City
Net Operating Income
$267,261
Gross Adjusted Income
$374,211
Gross Scheduled Income
$373,430
Total Monthly Income
$32,165
Insurance Expenses
$7,260
Water/Sewer/Garbage Expenses
$35,857
Gross Rent Multiplier
14
Total Expenses
$106,950
Cap Rate
5.2
Vacancy Rate
3
Total Number of Units
28
Unit Name
12040
Potential Terms
Cash Out
Year Built
1976
View
City
Roof
Composition
Site Features
Deck, Disabled Access
Electric Expenses
4476
Other Expenses
34384
School District
Seattle
Total Monthly Income
$32,165
Gross Scheduled Income
$373,430
Vacancy Rate
3
Gross Adjusted Income
$374,211
Tax Year
2014
Insurance Expense
$7,260
W/S/G Expenses
$35,857
Total Expenses
$106,950
Net Operating Income
$267,261
Gross Rent Multiplier
14
Cap Rate
5.2
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