1400 N 95th Street, Seattle, WA 98103

$4,000,000
6,440
SqFt

Listing courtesy of HomeSmart Real Estate Assoc. Selling Office: Marketplace Sotheby's Int Rty.

Sold Price
$4,000,000
List Price
$4,250,000
Status
SOLD
MLS#
1867749
Closing Date
Apr 19, 2022
Days on Market
108
Style
55 - 5-9 Units
Building Condition
Very Good
Finished SqFt
6,440
Area Total SqFt
6440
Annual Tax Ammount
27004
Lot Size (sq ft)
5,120
Sewer
Sewer Connected

Property Description

Investor alert! Rare opportunity to invest in 6-unit new construction complex in highly desirable Green Lake area. All units are leased on annual terms, REAL 4.1% cap rate, no maintenance required, tenants pay for utilities, no HOA. Built Green home, divided into 6 independent parcels. Each unit has 2 bedrooms with own bathrooms, half-bathroom on main level, garage (with washer, dryer and EV charging outlet), fully fenced patio plus roof top deck with gorgeous views of Seattle downtown and Mt Rainier. Modern open design kitchen, stainless steel appliances, steam shower, mini-split AC. Walking distance to parks, schools and restaurants. 10 year builder warranty. 1400, 1402, 1404, 1406, 1408, 1410.

Additional Information

List Date
2022-01-01 00:00:00
Community
Green Lake
Net Operating Income
$174,178
Gross Adjusted Income
$205,800
Gross Scheduled Income
$210,000
Total Monthly Income
$17,500
Insurance Expenses
$4,618
Gross Rent Multiplier
20.65
Total Expenses
$31,622
Cap Rate
4.1
Vacancy Rate
98
Total Number of Units
6
Unit Name
1400
Potential Terms
Cash Out, Conventional
Year Built
2021
View
City
Roof
Flat
Site Features
Cable TV, Electric Car Charging, Fenced-Fully, High Speed Internet, Patio, Rooftop Deck
Energy Source
Electric
School District
Seattle
Elementary School
Viewlands
Middle School
Robert Eagle Staff Middle School
High School
Ingraham High
Total Monthly Income
$17,500
Gross Scheduled Income
$210,000
Vacancy Rate
98
Gross Adjusted Income
$205,800
Tax Year
2021
Insurance Expense
$4,618
Total Expenses
$31,622
Net Operating Income
$174,178
Gross Rent Multiplier
20.65
Cap Rate
4.1
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