3606 Interlake Ave N
Seattle WA 98103

Interlake 6-Unit

3606 Interlake Ave N Seattle WA 98103

Listing #: 677966 | Status: Available | Last Modified: 3/20/2024 |

For Sale
Chad Martini
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 1,850,000.0
  • $/SF$ 646.9
  • $/Unit$ 308,333.3
  • Listing StatusAvailable
  • Days on Market66
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income115,072
  • Vacancy Factor %2.03%
  • Operating Expenses29,810
  • Net Operating Income82,924
  • CAP Rate 4.61 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units6
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 4.61 %
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors2
  • # of Units6
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF3080
  • Net Rentable Area2860
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF4356
  • Acres0.1
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location DescriptionOn Interlake Ave N between 36th & 38th
  • Second Address
  • Cross StreetN 36th St
  • Market AreaFremont/Ballard
  • Tax ID #2264500920
  • Additional Parcels
  • ZoningLR2(M)
Parking Information
  • # Covered Spaces
  • # Uncovered Spaces4
  • Total Parking Spots
  • Parking Ratio
Construction
  • Year Built1957
  • Year Renovated2009
  • Completion Date
  • Roof Type
  • Construction Type

Wallingford/Fremont 6-Unit For Sale

Public Comments

The Interlake 6 is in an A+ location in the popular Wallingford neighborhood of Seattle, WA. The property boasts a Walk Score of 89 and a Bike Score of 91, which means most daily errands can be easily accomplished on foot or bicycle. Built in 1957, according to the previous owner the building was fully re-plumbed with copper/PEX plumbing (Buyer to Verify). The Interlake 6 has an extremely low historical vacancy rate and when units turnover, they’re often re-rented within a week. The property also sits on a 4,400 square foot lot zoned LR2 (M), which leaves the door open for future redevelopment. The Interlake 6 offers an investor the opportunity to own a well-maintained apartment building with impeccable rental history in an A+ location with an abundant amount of walkable retail amenitie

Listing Images