Casa Blanca Apartments

3024 NE 145th St Shoreline WA 98155

Listing #: 589843 | Status: Sold | Closing Date: 11/28/2017 | Last Modified: 11/28/2017 |

For Sale

3024 NE 145th St Shoreline WA 98155

Agent Information
Showing Instructions
Call Listing AgentYes
Use DiscretionYes

Dane Erickson

dane@urbanseattle.com

Urban Commercial Partners, LLC

(206) 325-9333

Listing Information
Price
Listing Price$ 1,230,000
$/SF$ 278.91
$/Unit$ 205,000.00
Listing StatusSold
Days On Market73
Asset ClassMulti-Family
TermsSee Offering Memorandum
DistressedYes
Closed Sales Only
Actual Sold Price$ 1,000,000
$/SF$ 172.65
Closing Date11/28/2017
Selling BrokerLi Che
Investment Information
Investment TypeProforma
Investment PropYes
Gross Income$ 112,290
Vacancy Factor %0.05%
Operating Expenses$ 35,460
Net Operating Income$ 76,773
CAP Rate6.24 %
Financial Summary
CAP Rate6.24 %
$/Unit$ 205,000.00
Expense/Unit$ 5,910.00
Asset Class Information
# Units Beds/Baths Avg SqFT
2 1Bed/1Bath
4 2Bed/1Bath
Property Information
Building Information
Building StatusUnder Renovation
# of Buildings1
# of Floors2
# of Units6
Total Building Sq/ft5,792
Net Rentable Area4,410
Lot Sq/ft6,167
Acres0.14
Property Type
Property TypeMulti-Family
InvestmentYes
Location
CountyKing
Market AreaN. Seattle
Tax ID #1568100145
Parking Information
# Covered Spaces3
# Uncovered Spaces5
Total Parking Spots8
Construction
Year Built1970

Public Comments: This 6-unit complex is an excellent rehab opportunity that comes permitted, with four of the units already stripped bare and ready to be renovated. Building requires new siding, windows, and plumbing. Title and Escrow opened through Fidelity National with Megan Packwood, Escrow # 20375824

Showing Instructions: Tenants on site. Do not disturb. Drive by property with discretion. Please schedule appointment with Listing Broker.

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