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caroline bouvier

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206.650.0431
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Listing 3 out of 10
$11,900,000 For Sale

9201 Densmore Ave N
Seattle, WA 98103

27 units | Multi Family Home
1.3858 acres - MLS# 1487210 Courtesy of Paragon Real Estate Advisors
Property Photo
1/13

Description

The Blanchet Townhomes are situated just two blocks from North Seattle College and offer a new owner the opportunity to renovate and add value. The complex offers large 1,450 SF two-story townhouses. Nine triplexes on nine separate tax parcels make up the 27 three and four bedroom units. This is a nice property that is well maintained. Approximately 12 of the units have been upgraded with hard surface flooring.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: King County
  • Zip Code: 98103
  • Year Built: 1962
  • School District: Seattle
  • Sq.Ft.: 39,690 sq ft
  • Units: 27 units
  • # of Parking Spaces: 33
  • Lot Size: 1.3858 acres
  • Area: Licton Springs
  • Area Number: 705
  • Bathrooms Unit 1: 2.00
  • Bathrooms Unit 2: 2.00
  • Bathrooms Unit 3: 2.00
  • Bathrooms Unit 4: 2.00
  • Bathrooms Unit 5: 2.00
  • Bathrooms Unit 6: 2.00
  • Bedrooms Unit 1: 3
  • Bedrooms Unit 2: 3
  • Bedrooms Unit 3: 4
  • Bedrooms Unit 4: 3
  • Bedrooms Unit 5: 3
  • Bedrooms Unit 6: 4
  • Cap Rate - NOI div LP: 4.15
  • Energy Source(heat): Electric
  • Exterior: Wood, Wood Products
  • Foundation: Poured Concrete
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $721288
  • Gross Rent Multiplier: $16
  • Gross Scheduled Income: $743596
  • Heating/Cooling: Baseboard
  • Insurance Expenses: $9416
  • Net Operating Income: $493818
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 33
  • Other Expenses: $76075
  • Rent Unit 1: $1930
  • Rent Unit 2: $2475
  • Rent Unit 3: $2030
  • Rent Unit 4: $2605
  • Rent Unit 5: $2605
  • Rent Unit 6: $2600
  • Roof: Composition
  • Square Feet Unit 1: 1450
  • Square Feet Unit 2: 1450
  • Square Feet Unit 3: 1450
  • Square Feet Unit 4: 1450
  • Square Feet Unit 5: 1450
  • Square Feet Unit 6: 1450
  • Street Number Modifier: 9225
  • Total Expenses: $227470, $227470
  • Total Monthly Income: $61966
  • Vacancy Rate: 3
  • Water/Sewer/Garbage: 55675
Courtesy of Paragon Real Estate Advisors
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than Bouvier Realty Group are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-08-25

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caroline bouvier | 206.650.0431 | contact me
33313 1st Way S - Federal Way, WA 98003
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