1824 N 103rd St
Seattle WA 98133
Northgate 9
1824 N 103rd St Seattle WA 98133
Listing #: 679073 | Status: Available | Last Modified: 4/17/2024 |
For Sale
- Phone:(206) 300-8909
- Email:david@westlakeassociates.com
- Office Name:Westlake Associates, Inc.
- Office Phone:(206) 505-9400
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,950,000.0
- $/SF$ 312.2
- $/Unit$ 327,777.8
- Listing StatusAvailable
- Days on Market40
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income251,883
- Vacancy Factor %5.00%
- Operating Expenses64,998
- Net Operating Income174,290
- CAP Rate 6.34 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units9
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 6.34 %
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units9
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF13512
- Net Rentable Area9450
- Total Office SF
- Largest Contiguous SF
- Lot SF7318
- Acres0.17
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaGreenlake
- Tax ID #5464300063
- Additional Parcels
- ZoningLR3(M)
- # Covered Spaces9
- # Uncovered Spaces
- Total Parking Spots
- Parking Ratio
- Year Built1986
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Northgate 9 Unit For Sale
ASSUMABLE FINANCING with a 3.32% Interest Rate. Constructed in 1986, Northgate 9 is a three-story, wood-framed building featuring a ground-floor parking garage. The property comprises nine 2-bedroom, 2-bathroom apartment units, each spanning an average of 1,108 square feet. Every unit boasts an open-concept layout, covered balconies, full appliance package and in-unit full-size washers and dryers. Northgate 9 presents a unique investment opportunity. Prospective investors can capitalize on the property’s strategic location and low-maintenance appeal. Furthermore, there’s potential for enhancing returns by renovating additional unit interiors, adjusting rents to align with market rates, and securing the parking garage by adding a garage door and charging for parking.
