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Listing provided by NWMLS, courtesy of Windermere Real Estate/PSR Inc

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Active
$5,000,000
/mo   Edit
MLS# 1517692
Multi-Family/Duplex
Built 1965
0.235 acres
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    Description:   Arctic Manor Apartment is a 15 unit, 3 level brick building in the very desirable North Admiral area of West Seattle. Most of the units have updated bathrooms, kitchen countertops and flooring. Windows and sliding glass doors have all been updated to vinyl framed. Electrical panels were all recently replaced. New sewer line. Top quality PVC Membrane Roof. Assigned parking space for each unit. Storage and bike storage areas for tenants. Turn-key opportunity, first time on the market in 43 years.

    Interior

    Approx. Sq Ft: 14,616 ft²
    Energy Source: Electric
    Heating and Cooling: Baseboard
    Floor Covering: Ceramic Tile, Laminate Hardwood, Vinyl, Wall to Wall Carpet
    Amenities: Basement, Coin Op Laundry, Storage

    Utilities

    Water Company: City of Seattle
    Sewer: Sewer Connected

    Location

    City: Seattle
    State: WA
    Zip Code: 98116
    Area: 140
    County: King
    School District: Seattle
    Latitude: 47.58318600
    Longitude: -122.38546800

    Building

    Year Built: 1965
    Roof: Flat
    Exterior: Brick
    Number of Units in Building: 15

    School

    School District: Seattle

    Lot

    View: City
    Lot Details: Alley, Paved Street, Sidewalk
    Lot Sq Ft: 10,218 ft²
    Number of Stories in Building: 3

    Site

    Community Name: North Admiral

    Rent

    Terms: Cash Out

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $37,242
    Insurance Expenses: 5444
    Electrical Expenses: 1145
    Heating Expenses: 0
    Other Expenses: 5315
    Total Expenses: 59176
    Tax Year: 2020
    Gross Scheduled Income: 282660
    Vacancy Rate: 0
    Gross Adjusted Income: 282660
    Total Expenses: 59176
    Net Operating Costs: 223484
    Gross Rent Multiplier: 17
    Total Monthly Income: 23555

    Unit 1

    Description Unit 1: 101
    Sq Ft Unit 1: 725 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: 1
    Rent Unit 1: None

    Unit 2

    Description Unit 2: 102
    Sq Ft Unit 2: 925 ft²
    Bedrooms Unit 2: 2
    Bathrooms Unit 2: 1.00
    Range/Oven Unit 2: Y
    Refrigerator Unit 2: Y
    Dishwasher Unit 2: Y
    Washer/Dryer Unit 2: N
    Fireplaces Unit 2: 1
    Rent Unit 2: None

    Unit 3

    Description Unit 3: 103
    Sq Ft Unit 3: 660 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: None

    Unit 4

    Description Unit 4: 201
    Sq Ft Unit 4: 830 ft²
    Bedrooms Unit 4: 2
    Bathrooms Unit 4: 1.00
    Range/Oven Unit 4: Y
    Refrigerator Unit 4: Y
    Dishwasher Unit 4: Y
    Washer/Dryer Unit 4: N
    Fireplaces Unit 4: 1
    Rent Unit 4: None

    Unit 5

    Description Unit 5: 202
    Sq Ft Unit 5: 925 ft²
    Bedrooms Unit 5: 2
    Bathrooms Unit 5: 1.00
    Range/Oven Unit 5: Y
    Refrigerator Unit 5: Y
    Dishwasher Unit 5: Y
    Washer/Dryer Unit 5: N
    Fireplaces Unit 5: 1
    Rent Unit 5: None

    Unit 6

    Description Unit 6: 203
    Sq Ft Unit 6: 660 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: None

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    Listing provided by NWMLS, courtesy of Windermere Real Estate/PSR Inc