2010 N 78th Street, Seattle, WA 98103
- $2,000,000
- 3,500
- SqFt
Listing courtesy of Lee & Associates Commercial RE. Selling Office: KW Greater Seattle.
- Sold Price
- $2,000,000
- List Price
- $2,195,000
- Status
- SOLD
- MLS#
- 2171731
- Closing Date
- Jul 25, 2024
- Days on Market
- 121
- Style
- 55 - 5-9 Units
- Finished SqFt
- 3,500
- Area Total SqFt
- 3500
- Annual Tax Ammount
- 14309
- Lot Size (sq ft)
- 3,914
- Sewer
- Sewer Connected
- Offer Review Date
- 2023-11-09
Property Description
78th Street Classic City Studios and Suites, situated in Seattle’s Green Lake neighborhood, the building is just steps to Green Lake Park and popular neighborhood retail. Constructed in 1992, this 5-unit building consist of five 1-bedroom units averaging 700 SF. Well-maintained and improved throughout the course of ownership, recently 2010 N 78th Street has seen improvements. Upgrades are a new roof in 2020, full exterior repaint and a renovated owner's unit. The property offers a truly unique and enticing opportunity for those looking to own in the heart of Green Lake. With a young professional tenant base and a location steps from Green Lake Park and urban retail, 78th Street Apartment truly represents the best Green Lake has to offer.
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Additional Information
- List Date
- 2024-03-26 00:00:00
- Community
- Green Lake
- Net Operating Income
- $95,991
- Gross Adjusted Income
- $122,550
- Gross Scheduled Income
- $129,000
- Total Monthly Income
- $10,817
- Insurance Expenses
- $1,760
- Water/Sewer/Garbage Expenses
- $5,000
- Gross Rent Multiplier
- 17
- Total Expenses
- $33,809
- Cap Rate
- 4.37
- Vacancy Rate
- 5
- Total Number of Units
- 5
- Unit Name
- 2010
- Potential Terms
- Conventional
- Year Built
- 1992
- View
- See Remarks
- Roof
- Metal
- Other Expenses
- 12740
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Elementary School
- Daniel Bagley
- Middle School
- Robert Eagle Staff Middle School
- High School
- Ingraham High
- Total Monthly Income
- $10,817
- Gross Scheduled Income
- $129,000
- Vacancy Rate
- 5
- Gross Adjusted Income
- $122,550
- Tax Year
- 2023
- Insurance Expense
- $1,760
- W/S/G Expenses
- $5,000
- Total Expenses
- $33,809
- Net Operating Income
- $95,991
- Gross Rent Multiplier
- 17
- Cap Rate
- 4.37
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.