Description
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!
Interior Details
- InteriorCeramic Tile, Wall to Wall Carpet
Property Details
- Exterior MaterialsStucco
- Stories3
Measurements
- Acres0.1295
Construction Details
- Style56 - 10+ Units
- Property TypeMulti-Family
Condition
- Year Built1944
Material information
- FoundationPoured Concrete
Utilities / Energy Details
- Sewer InformationSewer Connected
Community and Neighborhood Details
- SubdivisionSeattle
Location
- Elementary SchoolSeattle Public Sch
- Middle SchoolSeattle Public Sch
- High SchoolSeattle Public Sch
- School DistrictSeattle
- CountyKing
Financial Details
- Original List Price$2,099,000
- Taxes Annual$21,399
- Days on Market (Cumulative)199
Other
- MLS #2223676
Legal
Disclaimer: The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - 21 - WA and should be verified by the buyer.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Seth Raddue (#NWM93891)
Listing Office: Aris360 (#NWM7793)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
