LISTING DETAILS

Northgate 9

1824 N 103rd St Seattle WA 98133

Listing #: 679073 | Status: Available | Last Modified: 5/3/2024

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	251,883
Vacancy Factor %	5.00%
Operating Expenses	64,998
Net Operating Income	174,290
CAP Rate	6.34 %

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	9

Retail Information
Signage	Signage on Building and Freestanding

Financial Summary
CAP Rate	6.335

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	3
# of Units	9
Total Building SF	13,512 SF
Net Rentable Area	9,450 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	7,318 SF
Acres	0.17
Year Built	1986

Property Type
Property Type	Multi-Family

Location
County	King
Market Area	Greenlake
Tax ID #	5464300063
Zoning	LR3(M)

Parking Information
#Covered Spaces	9

Northgate 9 Unit For Sale

Public Comments

ASSUMABLE FINANCING with a 3.32% Interest Rate. Constructed in 1986, Northgate 9 is a three-story, wood-framed building featuring a ground-floor parking garage. The property comprises nine 2-bedroom, 2-bathroom apartment units, each spanning an average of 1,108 square feet. Every unit boasts an open-concept layout, covered balconies, full appliance package and in-unit full-size washers and dryers. Northgate 9 presents a unique investment opportunity. Prospective investors can capitalize on the property’s strategic location and low-maintenance appeal. Furthermore, there’s potential for enhancing returns by renovating additional unit interiors, adjusting rents to align with market rates, and securing the parking garage by adding a garage door and charging for parking.

Northgate 9
1824 N 103rd St Seattle WA 98133

Listing #: 679073 | Status: Available | Listing Date: 3/19/2024 | Last Modified: 5/3/2024 | Email Listing

For Sale

Northgate 9

Listing Images