8805 14th Avenue S, Seattle, WA 98108

$1,850,000

Listing courtesy of Torre Realty.

List Price
$1,850,000
Status
ACTIVE
MLS#
1517590
Days on Market
743
Style
56 - 10+ Units
Area Total SqFt
5140
Lot Size (sq ft)
7,800

Property 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.

Additional Information

List Date
2019-09-11 00:00:00
Community
South Park
Potential Terms
Cash Out, Conventional
Year Built
1959
Roof
Built-Up
Site Features
Cable TV, Fenced-Fully, Gated Entry, High Speed Internet, Patio
Heating/Cooling Type
Baseboard
Electric Expenses
262
Other Expenses
15567
Energy Source
Electric
School District
Seattle
Elementary School
Concord
Middle School
Denny Mid
High School
Sealth High
Total Monthly Income
$10,077
Gross Scheduled Income
$120,928
Vacancy Rate
3
Gross Adjusted Income
$89,023
Tax Year
2018
Insurance Expense
$1,507
W/S/G Expenses
$7,367
Total Expenses
$31,905
Net Operating Income
$66,767
Gross Rent Multiplier
16
Cap Rate
3
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