Exceptional investment opportunity just minutes from Green Lake. This well-maintained 11-unit apartment building features a desirable unit mix of nine studios and two one-bedroom units. Professional management is already in place and available to continue operations, offering a seamless transition for a passive investor. The property is zoned LR3 (RC),… Read More providing attractive future development potential. Amenities include off-street parking, storage lockers, coin-operated laundry, and individual water heaters for each unit, all replaced in 2023. Five of the eleven units have been remodeled. Ideally located within walking distance of the Roosevelt Light Rail Station, and the Green Lake Park & Ride, ,Convenient access to downtown Seattle, shopping, dining and recreation. A rare opportunity for the move-up investor seeking stable income today and long-term growth potential tomorrow. Read Less
Listing courtesy of Windermere Bellevue Commons
Listing Snapshot
Cumulative Days On Market
121
Days on Website
68
Last Updated
Property Type
Multi Family
Square Ft.
4,643
Lot Size
0.18 Acres
Year Built
1950
Property Tax
$21,198
MLS Number
2563692
Additional Details
Building
Built in 1950, Built in 1993 (effective), 2 stories, Construction Materials: Brick, Cement Plank
Cooling
None
Energy Saving
Energy Efficiency: Thermal Windows
Expenses
Electric: $797, Insurance: $5,001, Other Expense: $21,573
Exterior Features
Brick, Cement Planked
Floors
Hardwood, Carpet
Foundation
Poured Concrete
Heating
Wall Furnace
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $158,612, Net Operating Income: $104,185
Lot
0.1791 acres, Dimensions: 60'x 130', Curbs, Dead End Street, Paved, Sidewalk
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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