5235 17th Ave NE, Seattle, WA 98105

$2,795,000
4,610
SqFt
List Price
$2,795,000
Status
ACTIVE
MLS#
1539584
Days on Market
10
Style
56 - 10+ Units
Building Condition
['Good']
Finished SqFt
4,610
Lot Size (sq ft)
6,480

Property Description

Hard to find, located in the heart of University of Washington, the 12 units apartment offers great configuration, each home as 1 bed or 2beds, and one bath, individual kitchen, metered gas heater, in building laundry rooms. The building has new roof, gutters (including leaf relief gutter protection system) which replaced in June 2019. Good cap rate of 5.05% with huge upside potential. Great opportunity to add this HOT property in your portfolio. Fantastic year round occupancy . Always rented.

Additional Information

List Date
2019-11-08 00:00:00
Community
University District
Property Type
MULT
Units
12
Stories
4
Potential Terms
Cash Out, Conventional
Year Built
1909
Total Parking
5
View
City, Mountain, Territorial
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, Gas Available
Lot Details
Alley, Curbs, Paved Street, Sidewalk
School District
Seattle
Elementary School
Green Lake
Middle School
Hamilton Mid
High School
Roosevelt High
Total Monthly Income
$15,390
Gross Scheduled Income
$184,680
Vacancy Rate
1
Gross Adjusted Income
$1,847
Annual Taxes
$9,537
Tax Year
2019
Insurance Expense
$4,770
W/S/G Expenses
$14,000
Total Expenses
$41,607
Net Operating Income
$141,226
Gross Rent Multiplier
15
Cap Rate
5

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
475
Unit 1 Rent
$1,680
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
380
Unit 2 Rent
$1,180
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
385
Unit 3 Rent
$1,220
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
360
Unit 4 Rent
$1,100
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
430
Unit 5 Rent
$1,640
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
405
Unit 6 Rent
$1,460

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of NWMLS / Globenex Realty

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