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5th Avenue Manor
8309 5th Ave NE Seattle WA 98115
Listing #: 680065 | Status: Pending | Last Modified: 5/20/2024
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 371,412 |
| Vacancy Factor % | 5.48% |
| Operating Expenses | 113,730 |
| Net Operating Income | 237,339 |
| CAP Rate | 5.60 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 5.602 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 4 |
| # of Units | 16 |
| Total Building SF | 13,700 SF |
| Net Rentable Area | 13,700 SF |
| Total Office SF | 750 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 11,151 SF |
| Acres | 0.26 |
| Year Built | 1969 |
| Construction Type | Wood |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Investment | Yes |
| Location | |
|---|---|
| County | King |
| Market Area | N. Seattle |
| Tax ID # | 2061100055 |
| Zoning | NC1-55(M) |
| Parking Information | |
|---|---|
| #Covered Spaces | 6 |
| # Uncovered Spaces | 9 |
| Total Parking Spots | 15 |
5th Ave Manor Apartments (16-Unit)
5th Ave Manor presents an exceptional opportunity for investors seeking ownership of a prestigious building in a highly sought-after residential locale, characterized by a scarcity of rental accommodations. With its strategic location and potential for value-add enhancement through modest kitchen, flooring, and appliance upgrades, 5th Avenue Manor promises lucrative returns. Following these enhancements, a new owner can anticipate achieving a stabilized Market CAP of 5.60%. Nestled adjacent to the scenic Green Lake Park, renowned for its myriad recreational pursuits, this coveted address offers seamless access to the University of Washington, the bustling South Lake Union Tech Core, and the vibrant Northgate shopping and entertainment hub.
5th Avenue Manor
8309 5th Ave NE Seattle WA 98115
Listing #: 680065 | Status: Pending | Listing Date: 4/10/2024 | Last Modified: 5/20/2024 | Email Listing
For Sale
5th Avenue Manor
