940 N 103rd St - Apartments FOR SALE


Seattle, WA 98133
$1,595,000 USD
206-660-7221
940 N 103rd St, Seattle, WA for Sale
$1,595,000 USD
Apartments - FOR SALE
1/3
null | 4.09% Cap Rate

940 N 103rd St
Seattle, WA 98133


HIGHLIGHTS

  • Excellent location close to all services!
  • Well maintained building with long term ownership!
  • Laundry room on site, clean and bright!

OVERVIEW

Here is your opportunity to expand your investment portfolio with a well qualified asset that has Seven (7), 2br 1 bath units and One (1), 1 br 1 bath unit with a separate laundry room. (8 units) Multiple units have been updated on turn over. The building has been well maintained by the long term owner. Many updates have been made to the property over the years. The property is a 6.0% cap rate with all 2 br units at $1,500.00 and the One bedroom at $970.00 with 30% expenses. All rents need to be raised with several LONG term tenants with very very low rents. Nice lot 80 x 95 for future development. Excellent property!

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$186 USD /SF

# OF UNITS

8

PRICE/UNIT

$199,375

CAP RATE

4.09%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,688 SF

ZONING

LR2 (M)

APN/PARCEL ID

614560-0635

ASK ABOUT THIS PROPERTY

Tom BatesWPI Real Estate ServicesMore Info
206-660-7221

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Tom BatesWPI Real Estate ServicesMore Info
206-660-7221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.