6506 NE 4th Avenue NE

Seattle, Washington WA98115

4th on Greenlake is a unique opportunity to own two neighboring multifamily properties (MLS#2042698 and MLS#2042700) with 12 units total in the highly sought after Greenlake neighborhood. Most units fully renovated with brand new cabinets and countertops, real hardwood floors and commanding floor-to-ceiling wood burning fireplace. Situated right on transit lines and 5 blocks from light rail. 4th on Greenlake provides the ideal opportunity to acquire an ideally located asset poised to capitalize on Seattle ever-expanding tenant base.

About This Property

Listing ID2042700
SqFt 4,216
Acres 0.110
SubdivisionGreen Lake
Year Built1963
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Green Lake
Year Built 1963
Building Area Units Square Feet
Flooring Hardwood, Stone
Furnished Unfurnished
Interior Features Hardwood
Living Area Units Square Feet
Stories Total 2
Elevation Units Feet
Exterior Features Brick, Wood
Foundation Details Poured Concrete
Lot Size Square Feet 4800
Lot Size Units Square Feet
MLS Lot Size Source Realist
Number Of Units Total 6
Open Parking Spaces 2
Parking Total 2
Parking Uncovered Spaces 2
Roof Flat
Sewer Sewer Connected
Sewer Company Seattle Public Utility
Structure Type Multi Family
Style Code 55 - 5-9 Units
Units Below Grade false
Units In Building Total 6
Water Company Seattle Public Utility
Water Sewer Garbage 6789
Water Source Public
Building Area Total 4216
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
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Company Seattle City Light
Power Production Type Geothermal
Preliminary Title Ordered yes
Cap Rate 4
Electric Expense 2240
Gross Adjusted Income 143670
Gross Scheduled Income 151260
Insurance Expense 2811
Leasable Area 4200
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 107697
Other Expense 9685
Possession Closing
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 14475
Tax Year 2021
Total Expenses 36000
Total Monthly Income 12605
Vacancy Rate 4

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6506 NE 4th Avenue NE Seattle, WA 98115

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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. © 2023 NWMLS. All rights reserved. Data last updated: Sunday, March 26th, 2023 06:13:35 AM.
Active Listing courtesy of Keller Williams North Seattle
Active Listing courtesy of Keller Williams North Seattle
Data services provided by IDX Broker