3606 Interlake Ave N
Seattle WA 98103
Interlake 6-Unit
3606 Interlake Ave N Seattle WA 98103
Listing #: 677966 | Status: Available | Last Modified: 3/20/2024 |
For Sale
- Phone:(206) 812-9137
- Email:chad@westlakeassociates.com
- Office Name:Westlake Associates, Inc.
- Office Phone:(206) 505-9400
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,850,000.0
- $/SF$ 646.9
- $/Unit$ 308,333.3
- Listing StatusAvailable
- Days on Market66
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income115,072
- Vacancy Factor %2.03%
- Operating Expenses29,810
- Net Operating Income82,924
- CAP Rate 4.61 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units6
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 4.61 %
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units6
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF3080
- Net Rentable Area2860
- Total Office SF
- Largest Contiguous SF
- Lot SF4356
- Acres0.1
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyKing
- Vicinity
- Location DescriptionOn Interlake Ave N between 36th & 38th
- Second Address
- Cross StreetN 36th St
- Market AreaFremont/Ballard
- Tax ID #2264500920
- Additional Parcels
- ZoningLR2(M)
- # Covered Spaces
- # Uncovered Spaces4
- Total Parking Spots
- Parking Ratio
- Year Built1957
- Year Renovated2009
- Completion Date
- Roof Type
- Construction Type
Wallingford/Fremont 6-Unit For Sale
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