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206.650.0431
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Listing 2 out of 2,199
$1,950,000 For Sale

8805 14th Ave S
Seattle, WA 98108

10 units | Multi Family Home
7802 sq ft lot - MLS# 1517590 Courtesy of Torre Realty
Property Photo
1/24

Description

Newly remodeled 10 unit apartment complex with courtyard and patios, parking for 5 cars on site, coin-operated laundry and storage. All units were completely remodeled in 2017-2019: new floors, kitchens, bathrooms, paint. Building has a new roof, gated access and will get new windows. Fully occupied and well maintained with 0% vacancy and excellent financials (attached). RRIO inspection has been successfully passed in 2019. Zoned commercial C2-40 for future growth and development.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: King County
  • Zip Code: 98108
  • Year Built: 1959
  • School District: Seattle
  • Elementary School: Concord
  • Middle School: Denny Mid
  • High School: Sealth High
  • Sq.Ft.: 5,140 sq ft
  • Units: 10 units
  • # of Parking Spaces: 5
  • Lot Size: 7802 sq ft lot
  • Area: South Park
  • Amenities: Coin Op Laundry
  • Area Number: 140
  • 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: 1
  • Bedrooms Unit 6: 1
  • Building Condition: Remodeled
  • Cap Rate - NOI div LP: 3.00
  • Electrical Expenses: $262
  • Energy Source(heat): Electric
  • Exterior: Brick, Wood
  • Floor Covering: Laminate Hardwood, Vinyl, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Commercial
  • Gross Adjusted Income: $89023
  • Gross Rent Multiplier: $16
  • Gross Scheduled Income: $120928
  • Heating/Cooling: Baseboard
  • Insurance Expenses: $1507
  • Lot Details: Paved Street, Sidewalk
  • Lot Dimensions: 78 x 100
  • Net Operating Income: $66767
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 5
  • Other Expenses: $15567
  • Power Company: Seattle City Light
  • Rent Unit 1: $950
  • Rent Unit 2: $1025
  • Rent Unit 3: $950
  • Rent Unit 4: $1000
  • Rent Unit 5: $1025
  • Rent Unit 6: $950
  • Roof: Built-Up
  • Sewer Company: Seattle Public Utilities
  • Site Features: Cable TV, Fenced-Fully, Gated Entry, High Speed Internet, Patio
  • Square Feet Unit 1: 514
  • Square Feet Unit 2: 514
  • Square Feet Unit 3: 514
  • Square Feet Unit 4: 514
  • Square Feet Unit 5: 524
  • Square Feet Unit 6: 524
  • Total Expenses: $31905, $31905
  • Total Monthly Income: $10077
  • Vacancy Rate: 3
  • Water Company: Seattle Public Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 7367
Courtesy of Torre Realty
©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 2019-09-19

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