8844 Interlake Avenue N

Seattle, Washington WA98103

Welcome to this updated Victorian triplex located in the sought-after Greenlake neighborhood. This property features 3 updated units, each offering a unique layout and modern amenities, including in-unit washers/dryers. With a cap rate of 5.65%, this is a perfect turnkey investment as all units are fully updated, including electrical and plumbing, with all improvements fully permitted. New roof installed in 2017 and new water main in 2016. All utilities are paid by tenants. Off-street parking for 2 vehicles plus stacked driveway parking for 4-6. Easy access to Highway 99, I-5 and within walking distance to Greenlake and its abundance of shops, restaurants, and recreational activities. With LR1 zoning, future redevelopment is possible.

About This Property

Listing ID2063484
SqFt 5,076
Acres 0.177
SubdivisionGreen Lake
Year Built1900
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
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
Interior Features Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
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
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 _705BallardGreenlake
Waterfront no
Zoning Class Multi-Family
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 Multi-Family
Power Company PSE
Power Production Type Electric
Preliminary Title Ordered yes
Property Condition Good
Site Features Deck, Gas Available, Patio, RV Parking
Year Built Effective 1900
Cap Rate 5.65
Gross Adjusted Income 93070
Gross Rent Multiplier 15.3
Gross Scheduled Income 121800
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 10150

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8844 Interlake 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. © 2023 NWMLS. All rights reserved. Data last updated: Thursday, June 1st, 2023 10:36:24 PM.
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