Pending
$7,750,000
Price
26,404
SqFt
26,404
SqFt

10540 Whitman Avenue N

Seattle, Washington WA98133

32 unit in Value Add opportunity in North Seattle. Upside in rents without renovation or ability to renovate and push rents further. Great location 1 block off of Rapid Transit line direct to downtown Seattle. This is a portfolio listing that includes two other properties with the address: 10704 Whitman Avenue N (4-Unit), Parcel#229140-0180 and 950 N 107th St (10-Unit), Parcel#229140-0170.

About This Property

Listing ID1854283
Price$7,750,000
StatusPending
SqFt 26,404
Acres 0.598
CountyKing
SubdivisionNorthgate
Year Built1989
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Northgate
Year Built 1989
Building Area Units Square Feet
Furnished Unfurnished
Heating Cooling Type Baseboard
Living Area Units Square Feet
Stories Total 3
Covered Spaces 21
Elevation Units Feet
Exterior Features Wood
Foundation Details Poured Concrete
Lot Features Alley
Lot Size Square Feet 26040
Lot Size Units Square Feet
MLS Lot Size Source King County
Number Of Units Total 32
Open Parking Spaces 27
Parking Total 48
Parking Uncovered Spaces 27
Roof Composition
Sewer Sewer Connected
Sewer Company Seattle Public Utilities
Structure Type Multi Family
Style Code 56 - 10+ Units
Units Below Grade false
Units In Building Total 32
Utilities Sewer Connected, Electricity Available
Water Company Seattle Public Utilities
Water Sewer Garbage 47224
Water Source Public
Building Area Total 26404
Country US
Elementary School Buyer To Verify
High School Buyer To Verify
High School District Seattle
Middle Or Junior School Buyer To Verify
MLS Area Major 705 - Ballard/Greenlak
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
Amenities Coin Op Laundry
Mls Status Pending
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Company Seattle City Light
Power Production Type Electric
Preliminary Title Ordered no
Property Condition Average
Cap Rate 4.48
Gross Adjusted Income 562681
Gross Rent Multiplier 13
Gross Scheduled Income 592296
Insurance Expense 11072
Leasable Area 26404
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 347284
Other Expense 76354
Possession Closing
Sale Type MLS
Seller Disclosure Not Provided
Special Listing Conditions None
Tax Annual Amount 80747
Tax Year 2021
Total Expenses 215397
Total Monthly Income 49358
Vacancy Rate 5

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10540 Whitman Avenue N Seattle, WA 98133

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The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by WPI Real Estate Services, Inc. (7101) and should be verified by the buyer. © 2021 NWMLS. All rights reserved. Data last updated: Sunday, December 5th, 2021 10:17:27 PM.
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