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Exceptional 16-Unit Investment Opportunity 5.08% Cap Rate. Remarkable investment opportunity with this fully occupied 16-unit building, strategically positioned in a prime North Seattle location. Boasting a strong 5.08% cap rate, this property offers a solid return on investment. recent upgrades in many units, new roof installed on 1.15.2024, prime location less than 2 miles to Green Lake and within walking distance to NSCC. Positioned on a large corner lot, Highway 99, zoned NC3P75, ideal for future development potential. This investment is not just profitable but also ideally located, perfect for sustained occupancy and growth. Act now to secure this outstanding property in a high-demand area!
- Neighborhood
- Type
- CountyKing
- Area705 - Ballard/Greenlake
- Tax Amount$21,399
- StatusActive
- Listing #2223676
- Built1944
- Lot Size0.13
- Listed on site14 days
Listed by:
Aris360
Listing information © 2023 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by LaVerne Pike - Windermere Real Estate - and should be verified by the buyer. The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Laverne Pike - Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2024-04-30 05:50:41. DMCA
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School Info
- elementary schoolSeattle Public Sch
- middle schoolSeattle Public Sch
- high schoolSeattle Public Sch
Property details
Community Features
- No HOA
- No Adult Community
Exterior features
- No Pool
Property History
| Date | Days Ago | Event | New Price |
|---|---|---|---|
| Apr 26, 2024 | 4 days ago | Price decreased151,000 (7%) | $2,099,000 |
| Apr 23, 2024 | 7 days ago | Price increased151,000 (7%) | $2,250,000 |
| Apr 19, 2024 | 11 days ago | Price decreased151,000 (7%) | $2,099,000 |
| Apr 16, 2024 | 14 days ago | Price increased151,000 (7%) | $2,250,000 |
| Apr 15, 2024 | 14 days ago | New on market | $2,099,000 |
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