8844 Interlake Avenue N

Seattle, Washington WA98103

Updated and extremely well maintained triplex in North Green Lake. This is a perfect turnkey investment as all units are fully updated, including electrical and plumbing with in-unit washers/dryers. All three units have been remodeled with all improvements fully permitted. New roof installed in 2017 and new water main in 2016. All utilities are paid by tenants and current rents are below market rates. Currently at a 4.54% cap rate with additional income opportunity by renting detached garage or building a DADU on the 7068 sf lot.. Off-street parking for 2 vehicles plus stacked driveway parking for 4-6. Convenient location close to Northgate and the light rail station, easy access to I-5 and Highway 99.

About This Property

Listing ID2011260
SqFt 5,076
Acres 0.177
SubdivisionGreen Lake
Year Built1900
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Price Before Reduction 2200000
Price Reduction Date 2022-11-05T16:50:11+00:00
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Green Lake
Year Built 1900
Building Area Units Square Feet
Flooring Ceramic Tile, Laminate, Carpet
Furnished Unfurnished
Heating Cooling Type Baseboard, Forced Air, Wall
Interior Features Forced Air, Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet
Living Area Units Square Feet
Stories Total 3
Covered Spaces 1
Elevation Units Feet
Exterior Features Wood
Foundation Details Slab
Lot Features Curbs, Paved, Sidewalk
Lot Size Square Feet 7688
Lot Size Units Square Feet
MLS Lot Size Source Public Records
Number Of Units Total 3
Open Parking Spaces 6
Parking Features RV Parking
Parking Total 7
Parking Uncovered Spaces 6
Roof Composition
Sewer Sewer Connected
Sewer Company SPU
Structure Type Triplex
Style Code 53 - Tri-plex
Units Below Grade true
Units In Building Total 3
Utilities Natural Gas Available, Sewer Connected, Electricity Available
Water Company SPU
Water Source Public
Building Area Total 5076
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 See Remarks
Zoning Jurisdiction City
Amenities Fire Sprinklers,Thermal Windows
Effective Year Built Source Public Records
First Right Of Refusal no
Green Energy Efficient Thermal Windows
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use See Remarks
Power Company PSE
Power Production Type Electric
Preliminary Title Ordered yes
Property Condition Very Good
Site Features Deck, Gas Available, Patio, RV Parking
Year Built Effective 1900
Cap Rate 4.45
Gross Adjusted Income 93070
Gross Rent Multiplier 19
Gross Scheduled Income 109800
Insurance Expense 2200
Leasable Area 5076
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 93070
Other Expense 4197
Possession Closing
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 10333
Tax Year 2022
Total Expenses 16730
Total Monthly Income 9150

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8844 Interlake Avenue N Seattle, WA 98103

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