LISTING DETAILS

Encore Apartments

936 N 198th St Shoreline WA 98133

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

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	236,851
Vacancy Factor %	4.09%
Operating Expenses	78,251
Net Operating Income	148,903
CAP Rate	5.29 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00
Total Units	12

Retail Information
Signage	Signage on Building and Freestanding

Financial Summary
CAP Rate	5.287

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	2
# of Units	12
Total Building SF	8,400 SF
Net Rentable Area	0 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	17,761 SF
Acres	0.41
Year Built	1962
Construction Type	Brick

Property Type
Property Type	Multi-Family

Location
County	King
Market Area	N. Seattle
Tax ID #	2227900075
Zoning	R24

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