CNA Apartments

3241 21st Ave W Seattle WA 98199

Listing #: 595096 | Status: Withdrawn | Last Modified: 4/10/2018 |

For Sale

3241 21st Ave W Seattle WA 98199

Agent Information
Showing Instructions
Call Listing AgentYes
Use DiscretionYes

Tyler Smith

(206) 505-9425
tylersmith@westlakeassociates.com

Steve Fischer

(206) 505-9435
fischer@westlakeassociates.com

Westlake Associates, Inc.

(206) 505-9400

Listing Information
Price
Listing Price$ 1,875,000
$/SF$ 554.08
$/Unit$ 312,500.00
Listing StatusWithdrawn
Asset ClassMulti-Family
Investment Information
Investment PropYes
Gross Income$ 110,400
Vacancy Factor %4.00%
Operating Expenses$ 30,024
Net Operating Income$ 75,960
CAP Rate4.05 %
GRM18.29
Annual Expense Information
Expense Year2017
Real Estate Taxes$ 10,328
+Insurance$ 2,100
+Prof. Mgr$ 5,259
+Maintenance$ 4,200
+Other Expenses$ 8,137
=Total Exp.$ 30,024
Annual Operating Information
Gross Sch Rents$ 102,540.00
Vacancy $$ 4,416.00
+Laundry Income$ 600
+Other Income$ 7,260
=Effective Gross$ 105,984
-Total Expenses$ 30,024
=NOI$ 75,960
Financial Summary
CAP Rate4.05 %
GRM$ 18.29
$/Unit$ 312,500.00
Expense/Unit$ 5,004.00
Asset Class Information
# Units Beds/Baths Avg SqFT
1 Studio 450
4 1Bed/1Bath 464
1 2Bed/1.5Bath 1015
Associated Files
Property Information
Building Information
Building StatusExisting
# of Buildings1
# of Floors2
# of Units6
Total Building Sq/ft3,884
Net Rentable Area3,384
Lot Sq/ft6,098
Acres0.14
Property Type
Property TypeMulti-Family
InvestmentYes
Location
CountyKing
VicinityMagnolia
Location DescriptionMagnolia
Cross StreetDravus
Market AreaQueen Anne/Magnolia
Tax ID #2770601925
ZoningLR1
Parking Information
# Uncovered Spaces4
Total Parking Spots4
Construction
Year Built1958
Roof TypeFlat

Public Comments: This 6-unit offering provides investors with the rare opportunity to own a turnkey asset in one of Seattle's tranquil residential neighborhoods. It is positioned to produce positive cash flow at closing, along with additional growth accompanying the 4,500 new high tech employees moving into the neighborhood when the new Expedia World Headquarters open in 2019 across The Magnolia Bridge.

Listing Images

Filter by Category

 | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 
     | 

Current Selections

Any Property Category