4517 Fremont Avenue N

Seattle, Washington WA98103

First time on the market in over 20 years, the Woodland Place Apartments offers investors the opportunity to own a well maintained building within blocks of Fremont’s commercial core. Located on the corner of Fremont Ave & N 46th Street, and is within walking distance to transit, groceries, restaurants & shops. The property boasts of large 2 bedroom 1 bath units with washer and dryer in unit. Additionally Woodland Place offers additional tenant storage and off-street parking.

About This Property

Listing ID1926939
SqFt 4,570
Acres 0.115
Year Built1979
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Fremont
Year Built 1979
Building Area Units Square Feet
Furnished Unfurnished
Heating Cooling Type Baseboard
Living Area Units Square Feet
Stories Total 3
Carport Spaces 3
Elevation Units Feet
Exterior Features Wood Products
Lot Features Corner Lot, Curbs, Paved, Sidewalk
Lot Size Square Feet 5000
Lot Size Units Square Feet
MLS Lot Size Source King County Assessor
Number Of Units Total 5
Open Parking Spaces 2
Parking Total 5
Parking Uncovered Spaces 2
Roof Flat
Sewer Sewer Connected
Structure Type Multi Family
Style Code 55 - 5-9 Units
Units Below Grade false
Units In Building Total 5
Utilities Sewer Connected, Electricity Available
Water Sewer Garbage 6475
Building Area Total 4570
Country US
High School District Seattle
MLS Area Major 705 - Ballard/Greenlak
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
First Right Of Refusal no
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Production Type Electric
Preliminary Title Ordered yes
Cap Rate 4.01
Gross Adjusted Income 123393
Gross Rent Multiplier 17.79
Gross Scheduled Income 126600
Insurance Expense 1859
Leasable Area 4570
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 88017
Other Expense 12170
Possession Closing
Sale Type MLS
Seller Disclosure Not Provided
Special Listing Conditions None
Tax Annual Amount 14872
Tax Year 2022
Total Expenses 35376
Total Monthly Income 10550
Vacancy Rate 3

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4517 Fremont Avenue N Seattle, WA 98103

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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. © 2022 NWMLS. All rights reserved. Data last updated: Thursday, July 7th, 2022 09:52:44 AM.
Active Listing courtesy of Westlake Associates, Inc.
Active Listing courtesy of Westlake Associates, Inc.
Active Listing courtesy of Westlake Associates, Inc.
Data services provided by IDX Broker