The John Henry Apartments presents an exceptional investment opportunity in Seattle's highly desirable Laurelhurst neighborhood. Located at 4001 NE 50th Street, this well-maintained, 14-unit apartment community offers convenient access to Seattle Children's Hospital, University Village, and the University of Washington. Built in 1961, the property features a desirable unit mix… Read More of nine one-bedroom and five two-bedroom apartments, averaging approximately 714 square feet. Property amenities include 14 off-street parking stalls, 14 individual tenant storage units, shared laundry facilities, and private patios in select units. Recent improvements include a new roof installed in 2019, double-pane vinyl windows, and updated LVP flooring in most units. Spacious floor plans and thoughtful updates enhance the property's appeal. Offered at $3,300,000, or approximately $236,000 per unit, The John Henry provides investors with strong in-place cash flow at a 5.9% cap rate, along with additional rental upside. Available for the first time in over 20 years, this is a rare opportunity to acquire a well-located multifamily asset in one of Seattle's premier residential neighborhoods. Read Less
Listing courtesy of Kidder Mathews
Listing Snapshot
Cumulative Days On Market
0
Last Updated
Property Type
Multi Family
Square Ft.
9,999
Lot Size
0.26 Acres
Year Built
1961
Property Tax
$34,874
MLS Number
2595724
Additional Details
Building
Built in 1961, Built in 1961 (effective), 2 stories, Construction Materials: Brick, Stucco
Cooling
None
Expenses
Electric: $8,358, Fuel: $8,358, Insurance: $9,825, Other Expense: $51,837
Exterior Features
Brick, Stucco
Foundation
Slab
Heating
Baseboard
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $316,662, Net Operating Income: $195,052
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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