Seattle,
Washington WA98103
Investor alert! Rare opportunity to invest in 6-unit new construction complex in highly desirable Green Lake area. All units are leased on annual terms, REAL 4.1% cap rate, no maintenance required, tenants pay for utilities, no HOA. Built Green home, divided into 6 independent parcels. Each unit has 2 bedrooms with own bathrooms, half-bathroom on main level, garage (with washer, dryer and EV charging outlet), fully fenced patio plus roof top deck with gorgeous views of Seattle downtown and Mt Rainier. Modern open design kitchen, stainless steel appliances, steam shower, mini-split AC. Walking distance to parks, schools and restaurants. 10 year builder warranty. 1400, 1402, 1404, 1406, 1408, 1410.
Listing ID1867749
Sold For$4,000,000
StatusClosed
Sold Date4/19/2022
SqFt
6,440
Acres
0.118
CountyKing
SubdivisionGreen Lake
Year Built2021
Property TypeResidential Income
Property Sub TypeMulti-Family
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
Green Lake
Year Built
2021
Building Area Units
Square Feet
Flooring
Ceramic Tile, Vinyl Plank
Furnished
Unfurnished
Heating Cooling Type
Ductless HP-Mini Split, Wall
Interior Features
Ductless HP-Mini Split, Ceramic Tile
Living Area Units
Square Feet
Stories Total
3
Construction Methods
Double Wall
Covered Spaces
6
Elevation Units
Feet
Exterior Features
Cement Planked
Foundation Details
Poured Concrete
Lot Features
Paved, Sidewalk
Lot Size Square Feet
5120
Lot Size Units
Square Feet
MLS Lot Size Source
Realist
New Construction
Completed
Number Of Units Total
6
Parking Total
6
Roof
Flat
Sewer
Sewer Connected
Sewer Company
Seattle Public Utilities
Structure Type
Multi Family
Style Code
55 - 5-9 Units
Units Below Grade
false
Units In Building Total
6
Utilities
Cable Connected, High Speed Internet, Sewer Connected, Electricity Available
Water Company
Seattle Public Utilities
Water Source
Public
Building Area Total
6440
Country
US
Elementary School
Viewlands
High School
Ingraham High
High School District
Seattle
Middle Or Junior School
Robert Eagle Staff Middle School
MLS Area Major
705 - Ballard/Greenlak
View
City
Waterfront
no
Zoning Class
Multi-Family,Residential
Zoning Jurisdiction
City
Amenities
Thermal Windows
Effective Year Built Source
Public Records
Environmental Certification
Other-See Remarks
First Right Of Refusal
no
Green Building Verification Type
Other
Green Energy Efficient
Thermal Windows, Double Wall
Mls Status
Sold
Offers
Seller intends to review offers upon receipt
Possible Use
Multi-Family, Residential
Power Company
Seattle Public Utilities
Power Production Type
Electric
Preliminary Title Ordered
yes
Property Condition
Very Good
Show Map Link
yes
Site Features
Cable TV, Electric Car Charging, Fenced-Fully, High Speed Internet, Patio, Rooftop Deck
Year Built Effective
2021
Buyer Financing
Conventional
Cap Rate
4.1
Gross Adjusted Income
205800
Gross Rent Multiplier
20.65
Gross Scheduled Income
210000
Insurance Expense
4618
Leasable Area
6440
Leasable Area Units
Square Feet
Leased Items
None
Net Operating Income
174178
Possession
See Remarks
Sale Type
MLS
Seller Disclosure
Provided
Special Listing Conditions
None
Tax Annual Amount
27004
Tax Year
2021
Total Expenses
31622
Total Monthly Income
17500
Vacancy Rate
98
1400 N 95th Street Seattle, WA 98103
Based on information submitted to the MLS GRID as of Thursday, March 28th, 2024 10:24:31 AM. 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.
#IDX-primaryPhoto,#idx-details-headerClosed
Closed Listing courtesy of HomeSmart Real Estate Assoc
Listing sold by Marketplace Sotheby's Int Rty
#IDX-listingMediaLinksClosed
Closed Listing courtesy of HomeSmart Real Estate Assoc
Listing sold by Marketplace Sotheby's Int Rty