2008 N 78th Street, Seattle, WA 98103
- $4,000,000
- 4,200
- SqFt
Listing courtesy of Lee & Associates Commercial RE. Selling Office: KW Greater Seattle.
- Sold Price
- $4,000,000
- List Price
- $4,400,000
- Status
- SOLD
- MLS#
- 2077882
- Closing Date
- Jul 25, 2024
- Days on Market
- 245
- Style
- 56 - 10+ Units
- Finished SqFt
- 4,200
- Area Total SqFt
- 4200
- Annual Tax Ammount
- 22749
- Lot Size (sq ft)
- 4,990
- Sewer
- Sewer Connected
- Offer Review Date
- 2023-11-09
Property Description
Situated in Seattle’s Green Lake neighborhood, the property is just steps to Green Lake Park and popular neighborhood retail. Constructed in 1955, this 12 unit building consist of five studio and seven 1-bedroom units with an average of 350 SF. While the building has been well-maintained and improved throughout the course of ownership, all units have been fully renovated. Improvements consist of new granite countertops, new LVT flooring, new appliances and even new common washer dryers.
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Additional Information
- List Date
- 2023-11-23 00:00:00
- Community
- Green Lake
- Net Operating Income
- $172,063
- Gross Adjusted Income
- $226,176
- Gross Scheduled Income
- $238,080
- Total Monthly Income
- $20,415
- Insurance Expenses
- $3,600
- Water/Sewer/Garbage Expenses
- $12,000
- Gross Rent Multiplier
- 18.5
- Total Expenses
- $65,213
- Cap Rate
- 3.91
- Vacancy Rate
- 5
- Total Number of Units
- 12
- Unit Name
- 2008
- Potential Terms
- Owner Financing
- Year Built
- 1955
- Roof
- See Remarks
- Other Expenses
- 26864
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Elementary School
- Seattle Public Sch
- Middle School
- Seattle Public Sch
- High School
- Seattle Public Sch
- Total Monthly Income
- $20,415
- Gross Scheduled Income
- $238,080
- Vacancy Rate
- 5
- Gross Adjusted Income
- $226,176
- Tax Year
- 2023
- Insurance Expense
- $3,600
- W/S/G Expenses
- $12,000
- Total Expenses
- $65,213
- Net Operating Income
- $172,063
- Gross Rent Multiplier
- 18.5
- Cap Rate
- 3.91
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.