Prepared by https://www.commercialmls.com
3606 Interlake Ave N Seattle WA 98103
Listing #: 677966 | Status: Available | Last Modified: 5/3/2024
Showing Instructions | |
---|---|
Call Listing Agent | No |
Use Discretion | No |
Investment Information | |
---|---|
Investment Prop | Yes |
Gross Income | 115,072 |
Vacancy Factor % | 2.03% |
Operating Expenses | 29,810 |
Net Operating Income | 82,924 |
CAP Rate | 4.61 % |
Detail Listing Information | |
---|---|
Min Total SF | 0 SF |
Max Total SF | 0 SF |
Lease Rate Low | $ 0.00 |
Lease Rate High | $ 0.00 |
Total Units | 6 |
Retail Information | |
---|---|
Signage | Signage on Building and Freestanding |
Financial Summary | |
---|---|
CAP Rate | 4.609 |
Building Information | |
---|---|
Building Status | Existing |
# of Buildings | 1 |
# of Floors | 2 |
# of Units | 6 |
Total Building SF | 3,080 SF |
Net Rentable Area | 2,860 SF |
Total Office SF | 0 SF |
Largest Contiguous SF | 0 SF |
Lot SF | 4,356 SF |
Acres | 0.1 |
Year Built | 1957 |
Year Renovated | 2009 |
Property Type | |
---|---|
Property Type | Multi-Family |
Investment | Yes |
Location | |
---|---|
County | King |
Location Description | On Interlake Ave N between 36th & 38th |
Cross Street | N 36th St |
Market Area | Fremont/Ballard |
Tax ID # | 2264500920 |
Zoning | LR2(M) |
Parking Information | |
---|---|
# Uncovered Spaces | 4 |
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
Interlake 6-Unit
3606 Interlake Ave N Seattle WA 98103
Listing #: 677966 | Status: Available | Listing Date: 2/23/2024 | Last Modified: 5/3/2024 | Email Listing