LISTING DETAILS

Northgate 9

1824 N 103rd St Seattle WA 98133

Listing #: 683881 | Status: Available | Last Modified: 7/9/2024

Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Investment Information
Investment PropYes
Gross Income262,656
Vacancy Factor %5.00%
Operating Expenses67,592
Net Operating Income181,931
CAP Rate6.61 %
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Retail Information
SignageSignage on Building and Freestanding
Financial Summary
CAP Rate6.612
Building Information
Building StatusExisting
# of Buildings1
# of Floors3
# of Units9
Total Building SF13,512 SF
Net Rentable Area9,450 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF7,318 SF
Acres0.17
Year Built1986
Property Type
Property TypeMulti-Family
Location
CountyKing
Market AreaGreenlake
Tax ID #5464300063
ZoningLR3(M)
Parking Information
#Covered Spaces9

Northgate 9-Unit For Sale

Public Comments

ASSUMABLE FINANCING. Excellent Location with Northgate Light Rail Access. Constructed in 1986, Northgate 9 is a three-story, wood-framed building featuring a ground-floor parking garage. The property comprises nine 2-bedroom, 2-bathroom apartment units, each spanning an average of 1,108 square feet. Every unit boasts an open-concept layout, covered balconies, full appliance package and in-unit full-size washers and dryers. Northgate 9 presents a unique investment opportunity. Prospective investors can capitalize on the property’s strategic location and low-maintenance appeal. Furthermore, there’s potential for enhancing returns by renovating additional unit interiors, adjusting rents to align with market rates, and securing the parking garage by adding a garage door and charging for parkin

Northgate 9
1824 N 103rd St Seattle WA 98133

Listing #: 683881 | Status: Available | Listing Date: 7/9/2024 | Last Modified: 7/9/2024 | Email Listing

For Sale

Northgate 9

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