2116 N 112th St

    Seattle, WA 98133
    • $5,800,000
    • STATUS: Active
    • ON SITE: 10 days
    • ID#: 1517858
    UPDATED: 9 min ago
    $5,800,000
    • 0
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,400
      SQFT
    • $284
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1973
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Paragon Real Estate Advisors.

    Description

    Northgate 20-unit apartment building with a wide array of potential value-add opportunities such as immediately raising the well below market rents, increasing the number of apartments within the existing structure, renovating the eight remaining non updated units or reconfiguring existing floor plans to add additional bedrooms. Building offers secured access entry, territorial and mountain views, and plenty of on-site parking. First time on the market in over 30 years!

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than TRI STAR Team | RE/MAX NW are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-09-22T20:14:49.937.

    www.tristarteamre.com/homes/98866478

    2116 N 112th St Seattle, WA 98133

    • Price: $5,800,000
    • Status: Active
    • Updated: 9 min ago
    • ID#: 1517858
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    20,400
    SQFT
    $284
    $/SQFT
    1973
    Built
    Neighborhood:
    Northgate
    County:
    King
    Area:
    Ballard/Greenlake
    School District:
    Seattle
    Property Description
    Northgate 20-unit apartment building with a wide array of potential value-add opportunities such as immediately raising the well below market rents, increasing the number of apartments within the existing structure, renovating the eight remaining non updated units or reconfiguring existing floor plans to add additional bedrooms. Building offers secured access entry, territorial and mountain views, and plenty of on-site parking. First time on the market in over 30 years!
    Exterior Features

    Carport Spaces 9 Exterior Cement/ConcreteWoodWood Products Foundation Poured Concrete Garage Spaces 0 Roof Flat Stories In Building 4 Style 56 - 6-9 Units Total Parking Spaces 23 Uncovered Spaces 14

    Interior Features

    Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 895 Unit1 Washer Dryer N Unit2 Bathrooms 1.50 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 1050 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 995 Unit3 Washer Dryer N Unit4 Bathrooms 1.75 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 1150 Unit4 Washer Dryer N Unit5 Bathrooms 1.50 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 1050 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 1 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 895 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities Coin Op LaundryStorage Bank Owned No Cap Rate 4.17 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Exempt General Zoning Classification Multi-Family Gross Adjusted Income 353274 Gross Rent Multiplier 15 Gross Scheduled Income 364200 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 6507 Leased Items None Net Operating Income 241801 New Construction YN No Other Expenses 32650 Possession ClosingSub. Tenant's Rights Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 48061 Tax Year 2019 Terms Cash Out Third Party Approval Required None Total Expenses EXP 111473 Total Expenses TEX 111473 Total Monthly Income 30350 Unit1 Monthly Rent 1250 Unit2 Monthly Rent 1300 Unit3 Monthly Rent 1330 Unit4 Monthly Rent 1600 Unit5 Monthly Rent 1600 Unit6 Monthly Rent 1250 Vacancy Rate 3 Water Sewer Garbage 24255 Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by TRI STAR Team | RE/MAX NW and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than TRI STAR Team | RE/MAX NW are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-09-22T20:14:49.937.

     
    TRI STAR Team | RE/MAX NW
    300 NE 97th Street
    Seattle WA, 98115
    Listing Courtesy of Paragon Real Estate Advisors.