Listed by Aris360
$2,099,000

Estimated payment $12,923/month

Total Views 7,940
16 Beds
16 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • Baseboard Heating
  • Viewlands Elementary School Rated A-

About This Home

New Roof / Fresh Paint 2024, 5.98% Cap Rate. Remarkable investment opportunity with this fully occupied 16-unit building, strategically positioned in a prime North Seattle location. Boasting a strong 5.98% cap rate, this property offers a solid return on investment. recent upgrades in many units, new roof installed on 1.15.2024, prime location less than 2 miles to Green Lake and within walking distance to NSCC. Positioned on a large corner lot, Highway 99, zoned NC3P75, ideal for future development potential. This investment is not just profitable but also ideally located, perfect for sustained occupancy and growth. Act now to secure this outstanding property in a high-demand area!

Listing Agent

Seth Raddue

Aris360 License #108905 Listed on: 04/15/2024

Co-Listing Agent

Patrick Davis

Aris360 License #23029015

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2223676

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,399

Year Built

  • Built in 1944

Lot Details

  • 5,640 Sq Ft Lot
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Composition Roof
  • Stucco

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Parking

  • 16 Parking Spaces
  • Open Parking

Schools

  • Seattle Public Sch Elementary And Middle School
  • Seattle Public Sch High School

Additional Features

  • 3-Story Property
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Seattle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6153900005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,399

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1944
  • Buyer Agency Compensation: 2.5
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Contact Listing Agent for Any Questions
  • Special Features: VirtualTour
  • Cumulative Days on Market: 466

Interior Features

  • Possible Use: Commercial
  • Possible Bedrooms: 16
  • Total Bedrooms: 16
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition, Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 16
  • Open Parking: Yes
  • Total Parking Spaces: 16
  • ParkingUncoveredSpaces: 16

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilites
  • WaterCompany: Seattle Public Utilites
  • CableConnected: Comcast
  • InternetConnected: Comcast/Verizon
  • WaterSewerGarbage: 23591

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Seattle
  • High School: Seattle Public Sch
  • Middle Or Junior School: Seattle Public Sch

Lot Info

  • Parcel Number: 6153900005
  • Lot Size Acres: 0.1295
  • Lot Size Sq Ft: 5640
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public
  • ZoningClass: Commercial

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.46
  • LeasedItems: None
  • TotalMonthlyIncome: 16673

Multi Family

  • Gross Scheduled Income: 200676
  • Net Operating Income: 106691
  • Number Of Units Total: 16
  • Electric Expense: 2744
  • Insurance Expense: 3925
  • Leasable Area: 6166
  • EnergySource: Electric
  • UnitsInBuildingTotal: 16
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2024
  • Tax Annual Amount: 21399.25
  • AdditionalTaxIds: 6153900005

MLS Schools

  • Elementary School: Seattle Public Sch

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2024 11/03/24 For Sale $2,099,000 0.0% --
10/31/2024 10/31/24 Off Market $2,099,000 -- --
08/01/2024 08/01/24 For Sale $2,099,000 0.0% --
07/23/2024 07/23/24 Off Market $2,099,000 -- --
07/22/2024 07/22/24 For Sale $2,099,000 0.0% --
07/01/2024 07/01/24 Pending -- -- --
05/30/2024 05/30/24 For Sale $2,099,000 0.0% --
05/24/2024 05/24/24 Off Market $2,099,000 -- --
04/26/2024 04/26/24 Price Changed $2,099,000 -6.7% --
04/23/2024 04/23/24 Price Changed $2,250,000 +7.2% --
04/19/2024 04/19/24 Price Changed $2,099,000 -6.7% --
04/16/2024 04/16/24 Price Changed $2,250,000 +7.2% --
04/15/2024 04/15/24 For Sale $2,099,000 +99.9% --
12/10/2014 12/10/14 Sold $1,050,000 -12.5% $160 / Sq Ft
10/08/2014 10/08/14 Pending -- -- --
10/27/2013 10/27/13 For Sale $1,200,000 -- $183 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2223676

Northwest Multiple Listing Service (NWMLS)