Encore Apartments

936 N 198th St Shoreline WA 98133

Listing #: 659142 | Status: Available | Last Modified: 4/17/2023

Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Investment Information
Investment PropYes
Gross Income236,851
Vacancy Factor %4.09%
Operating Expenses78,251
Net Operating Income148,903
CAP Rate5.29 %
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Total Units12
Retail Information
SignageSignage on Building and Freestanding
Financial Summary
CAP Rate5.287
Building Information
Building StatusExisting
# of Buildings1
# of Floors2
# of Units12
Total Building SF8,400 SF
Net Rentable Area0 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF17,761 SF
Year Built1962
Construction TypeBrick
Property Type
Property TypeMulti-Family
Market AreaN. Seattle
Tax ID #2227900075

The Encore Apartments

Public Comments

Westlake Associates, Inc. is pleased to exclusively offer for sale the “Encore Apartments” located in the popular City of Shoreline. The Encore Apartments offers a new investor a great value add opportunity in a landlord friendly city. A new investor over time can also renovate units upon turnover and modernize each unit with stainless steel appliances, granite/quartz counters, new cabinets etc. In current condition, a new investor can raise rents and get this building to a 5.94% CAP Rate. If they decided to fully renovate each unit, a new investor could get to a 6.59% CAP Rate.

Encore Apartments
936 N 198th St Shoreline WA 98133

Listing #: 659142 | Status: Available | Listing Date: 11/8/2022 | Last Modified: 4/17/2023 | Email Listing

For Sale

Encore Apartments

Listing Images