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Listing 10 out of 96
$2,995,000 For Sale

929 N 98th St
Seattle, WA 98103

10 units | Multi Family Home
6756 sq ft lot - MLS# 1501604 Courtesy of CBRE INC
Property Photo
1/13

Description

Willow Tree Apartments, a 10-unit value-add investment opportunity with development upside in North Seattle. Built in 1984, the Property features an ideal mix of 6 one-bedroom and 4 two-bedroom units, with washers and dryers. RUBS program in-place and parking income. In 2017, Willow Tree's zoning was adjusted to become a part of the Licton Springs Village, allowing a higher density with no parking restrictions. Prelim architect drawings allow for 13 to 14 additional units.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: King County
  • Zip Code: 98103
  • Year Built: 1984
  • School District: Seattle
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify
  • Sq.Ft.: 10,584 sq ft
  • Units: 10 units
  • Garage: 4+-Car
  • # of Parking Spaces: 7, 13
  • Lot Size: 6756 sq ft lot
  • Area: Northgate
  • Amenities: Storage, See Remarks
  • Area Number: 705
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bathrooms Unit 5: 1.00
  • Bathrooms Unit 6: 1.00
  • Bedrooms Unit 1: 1
  • Bedrooms Unit 2: 1
  • Bedrooms Unit 3: 1
  • Bedrooms Unit 4: 1
  • Bedrooms Unit 5: 2
  • Bedrooms Unit 6: 1
  • Building Condition: Very Good
  • Cap Rate - NOI div LP: 4.31
  • Energy Source(heat): Electric
  • Floor Covering: Laminate Hardwood, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $169390
  • Gross Rent Multiplier: $17
  • Gross Scheduled Income: $178305
  • Heating/Cooling: Baseboard
  • Insurance Expenses: $3224
  • Lot Dimensions: 50x135x50x135
  • Net Operating Income: $129293
  • Number of Stories in Building: 4
  • Number of Uncovered Spaces: 6
  • Other Expenses: $8842
  • Power Company: Pse
  • Rent Unit 1: $1195
  • Rent Unit 2: $1195
  • Rent Unit 3: $1195
  • Rent Unit 4: $1225
  • Rent Unit 5: $1495
  • Rent Unit 6: $1195
  • Roof: Composition
  • Sewer Company: Seattle/King Co
  • Square Feet Unit 1: 600
  • Square Feet Unit 2: 600
  • Square Feet Unit 3: 600
  • Square Feet Unit 4: 600
  • Square Feet Unit 5: 850
  • Square Feet Unit 6: 600
  • Total Expenses: $40097, $40097
  • Total Garage Capacity: 7
  • Total Monthly Income: $14438
  • Vacancy Rate: 5
  • Water Company: Seattle
  • Water Source: Public
  • Water/Sewer/Garbage: 12298
Courtesy of CBRE INC
©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 2019-08-23

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