2116 N 112th St, Seattle, WA 98133

$5,800,000
20,400
SqFt
List Price
$5,800,000
Status
ACTIVE
MLS#
1517858
Days on Market
10
Style
56 - 10+ Units
Finished SqFt
20,400
Lot Size (sq ft)
16,211

Property Description

Northgate 20-unit apartment building with a wide array of potential value-add opportunities such as immediately raising the well below market rents, increasing the number of apartments within the existing structure, renovating the eight remaining non updated units or reconfiguring existing floor plans to add additional bedrooms. Building offers secured access entry, territorial and mountain views, and plenty of on-site parking. First time on the market in over 30 years!

Additional Information

List Date
2019-09-11 00:00:00
Community
Northgate
Property Type
MULT
Units
20
Stories
4
Potential Terms
Cash Out
Year Built
1973
Total Parking
23
Uncovered Parking
14
Exterior
Cement/Concrete, Wood, Wood Products
Roof
Flat
School District
Seattle
Total Monthly Income
$30,350
Gross Scheduled Income
$364,200
Vacancy Rate
3
Gross Adjusted Income
$353,274
Annual Taxes
$48,061
Tax Year
2019
Insurance Expense
$6,507
W/S/G Expenses
$24,255
Total Expenses
$111,473
Net Operating Income
$241,801
Gross Rent Multiplier
15
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
895
Unit 1 Rent
$1,250
Unit 2 Beds
2
Unit 2 Baths
1.50
Unit 2 Size
1050
Unit 2 Rent
$1,300
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
995
Unit 3 Rent
$1,330
Unit 4 Beds
2
Unit 4 Baths
1.75
Unit 4 Size
1150
Unit 4 Rent
$1,600
Unit 5 Beds
2
Unit 5 Baths
1.50
Unit 5 Size
1050
Unit 5 Rent
$1,600
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
895
Unit 6 Rent
$1,250

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of NWMLS / Paragon Real Estate Advisors

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