6321 NE 181st Street Unit #1-10, Kenmore, WA 98028
- $3,100,000
- 9,145
- SqFt
Listing courtesy of Sterling, Johnston & Assoc. Selling Office: Real Home Network.
- Sold Price
- $3,100,000
- List Price
- $3,100,000
- Status
- SOLD
- MLS#
- 925035
- Closing Date
- Jun 30, 2016
- Days on Market
- 40
- Style
- 56 - 10+ Units
- Building Condition
- Very Good
- Finished SqFt
- 9,145
- Area Total SqFt
- 9145
- Annual Tax Ammount
- 28526
- Lot Size (sq ft)
- 22,369
- Sewer
- Sewer Connected
Property Description
Lake Washington View Apartment Building, Future appreciation!! 4.8% Cap Rate! 10 Units, 100% occupied,rare opportunity to own this view building,great mix of (7)two bedroom/1 bath (2) one bedroom units (3) townhouse style(1)Three bedroom unit, all units with lake view,plenty of parking and storage, land value will sky rocket,close to Bothell UW/Seattle UW. The property was extensively renovated in 2015 to state of-the art standards. Over $600,000 spent on renovations.
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Additional Information
- List Date
- 2016-05-21 00:00:00
- Community
- Kenmore
- Net Operating Income
- $148,413
- Gross Adjusted Income
- $213,247
- Gross Scheduled Income
- $221,211
- Total Monthly Income
- $18,434
- Insurance Expenses
- $4,013
- Water/Sewer/Garbage Expenses
- $11,160
- Gross Rent Multiplier
- 14
- Total Expenses
- $64,790
- Cap Rate
- 4.8
- Vacancy Rate
- 4
- Total Number of Units
- 10
- Unit Name
- 6321
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1966
- View
- Lake, Mountain(s), Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet
- Other Expenses
- 20700
- School District
- Northshore
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $18,434
- Gross Scheduled Income
- $221,211
- Vacancy Rate
- 4
- Gross Adjusted Income
- $213,247
- Tax Year
- 2016
- Insurance Expense
- $4,013
- W/S/G Expenses
- $11,160
- Total Expenses
- $64,790
- Net Operating Income
- $148,413
- Gross Rent Multiplier
- 14
- Cap Rate
- 4.8
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