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Listing provided by NWMLS, courtesy of Torre Realty

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Active
$1,950,000
/mo   Edit
MLS# 1517590
Multi-Family/Duplex
Built 1959
0.179 acres
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    Description:   Newly remodeled 10 unit apartment complex with courtyard and patios, parking for 5 cars on site, coin-operated laundry and storage. All units were completely remodeled in 2017-2019: new floors, kitchens, bathrooms, paint. Building has a new roof, gated access and will get new windows. Fully occupied and well maintained with 0% vacancy and excellent financials (attached). RRIO inspection has been successfully passed in 2019. Zoned commercial C2-40 for future growth and development.

    Interior

    Approx. Sq Ft: 5,140 ft²
    Energy Source: Electric
    Heating and Cooling: Baseboard
    Floor Covering: Laminate Hardwood, Vinyl, Wall to Wall Carpet
    Amenities: Coin Op Laundry

    Utilities

    Water Company: Seattle Public Utilities
    Sewer: Sewer Connected

    Location

    City: Seattle
    State: WA
    Zip Code: 98108
    Area: 140
    County: King
    School District: Seattle
    Latitude: 47.52443600
    Longitude: -122.31527000

    Building

    Year Built: 1959
    Roof: Built-Up
    Exterior: Brick, Wood
    Number of Units in Building: 10

    School

    School District: Seattle
    Junior High: Denny Mid
    Elementary School: Concord
    Senior High: Sealth High

    Lot

    Lot Details: Paved Street, Sidewalk
    Lot Sq Ft: 7,800 ft²
    Lot Dimensions: 78 x 100
    Number of Stories in Building: 2

    Site

    Community Name: South Park
    Site Features: Cable TV, Fenced-Fully, Gated Entry, High Speed Internet, Patio

    Rent

    Terms: Cash Out, Conventional

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $7,202
    Insurance Expenses: 1507
    Electrical Expenses: 262
    Heating Expenses: 0
    Other Expenses: 15567
    Total Expenses: 31905
    Tax Year: 2018
    Gross Scheduled Income: 120928
    Vacancy Rate: 3
    Gross Adjusted Income: 89023
    Total Expenses: 31905
    Net Operating Costs: 66767
    Gross Rent Multiplier: 16
    Total Monthly Income: 10077

    Unit 1

    Description Unit 1: 1
    Sq Ft Unit 1: 514 ft²
    Bedrooms Unit 1: 1
    Bathrooms Unit 1: 1.00
    Range/Oven Unit 1: Y
    Refrigerator Unit 1: Y
    Dishwasher Unit 1: N
    Washer/Dryer Unit 1: N
    Fireplaces Unit 1: 0
    Rent Unit 1: $950

    Unit 2

    Description Unit 2: 2
    Sq Ft Unit 2: 514 ft²
    Bedrooms Unit 2: 1
    Bathrooms Unit 2: 1.00
    Range/Oven Unit 2: Y
    Refrigerator Unit 2: Y
    Dishwasher Unit 2: N
    Washer/Dryer Unit 2: N
    Fireplaces Unit 2: 0
    Rent Unit 2: $1,025

    Unit 3

    Description Unit 3: 3
    Sq Ft Unit 3: 514 ft²
    Bedrooms Unit 3: 1
    Bathrooms Unit 3: 1.00
    Range/Oven Unit 3: Y
    Refrigerator Unit 3: Y
    Dishwasher Unit 3: N
    Washer/Dryer Unit 3: N
    Fireplaces Unit 3: 0
    Rent Unit 3: $950

    Unit 4

    Description Unit 4: 4
    Sq Ft Unit 4: 514 ft²
    Bedrooms Unit 4: 1
    Bathrooms Unit 4: 1.00
    Range/Oven Unit 4: Y
    Refrigerator Unit 4: Y
    Dishwasher Unit 4: N
    Washer/Dryer Unit 4: N
    Fireplaces Unit 4: 0
    Rent Unit 4: $1,000

    Unit 5

    Description Unit 5: 5
    Sq Ft Unit 5: 524 ft²
    Bedrooms Unit 5: 1
    Bathrooms Unit 5: 1.00
    Range/Oven Unit 5: Y
    Refrigerator Unit 5: Y
    Dishwasher Unit 5: N
    Washer/Dryer Unit 5: N
    Fireplaces Unit 5: 0
    Rent Unit 5: $1,025

    Unit 6

    Description Unit 6: 6
    Sq Ft Unit 6: 524 ft²
    Bedrooms Unit 6: 1
    Bathrooms Unit 6: 1.00
    Range/Oven Unit 6: Y
    Refrigerator Unit 6: Y
    Dishwasher Unit 6: N
    Washer/Dryer Unit 6: N
    Fireplaces Unit 6: 0
    Rent Unit 6: $950

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    Listing provided by NWMLS, courtesy of Torre Realty