LISTING DETAILS

Interlake 6-Unit

3606 Interlake Ave N Seattle WA 98103

Listing #: 677966 | Status: Available | Last Modified: 5/3/2024

Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Investment Information
Investment PropYes
Gross Income115,072
Vacancy Factor %2.03%
Operating Expenses29,810
Net Operating Income82,924
CAP Rate4.61 %
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Total Units6
Retail Information
SignageSignage on Building and Freestanding
Financial Summary
CAP Rate4.609
Building Information
Building StatusExisting
# of Buildings1
# of Floors2
# of Units6
Total Building SF3,080 SF
Net Rentable Area2,860 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF4,356 SF
Acres0.1
Year Built1957
Year Renovated2009
Property Type
Property TypeMulti-Family
InvestmentYes
Location
CountyKing
Location DescriptionOn Interlake Ave N between 36th & 38th
Cross StreetN 36th St
Market AreaFremont/Ballard
Tax ID #2264500920
ZoningLR2(M)
Parking Information
# Uncovered Spaces4

Wallingford/Fremont 6-Unit For Sale

Public Comments

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

Interlake 6-Unit
3606 Interlake Ave N Seattle WA 98103

Listing #: 677966 | Status: Available | Listing Date: 2/23/2024 | Last Modified: 5/3/2024 | Email Listing

For Sale

Interlake 6-Unit

Listing Images