8001 14th Ave NE

    Seattle, WA 98115
    • $2,525,000
    • STATUS: Active
    • ON SITE: 46 days
    • ID#: 1567673
    UPDATED: 78 min ago
    $2,525,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1948
    County:

    School Ratings & Info

    Listing Courtesy of Windermere R.E. Wall St. Inc..

    Description

    100% occupied mixed use building with 2 commercial spaces on the ground floor, and 5 apartment units on the second floor, plus cell tower income. 5.27% Cap rate based on actual income and expenses. Tons of upside in below market rents. Great location with over 99 feet of frontage and visibility, on site parking, and close to the future Roosevelt Light Rail Station.

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    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 Northern Key Realty | Compass Washington are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-04-08T09:13:01.757.

    www.northernkeyteam.com/homes/103438129

    8001 14th Ave NE Seattle, WA 98115

    • Price: $2,525,000
    • Status: Active
    • Updated: 78 min ago
    • ID#: 1567673
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1948
    Built
    Neighborhood:
    Lake City
    County:
    King
    Area:
    N.Seattle/UW/Wedgewood/V.Ridge/Lk Cty
    Property Description
    100% occupied mixed use building with 2 commercial spaces on the ground floor, and 5 apartment units on the second floor, plus cell tower income. 5.27% Cap rate based on actual income and expenses. Tons of upside in below market rents. Great location with over 99 feet of frontage and visibility, on site parking, and close to the future Roosevelt Light Rail Station.
    Exterior Features

    Exterior Cement/Concrete Foundation Poured Concrete Lot Depth 0 Lot Topography And Vegetation Level Roof Torch Down Site Frontage 99 Style 60 - Comm Bldg Und 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 8 Waterfront Footage 0

    Interior Features

    Building Sq Ft 6800 Floor Covering Ceramic TileConcreteHardwoodVinylWall to Wall Carpet Heating And Cooling Forced AirRadiatorWall Office Sq Ft 3400 Total Sq Ft Rented 6800

    Property Features

    Assessed Value Improvements 0 Assessed Value Land 0 Assessed Value Total 0 Assessed Value Year 0 Available Pads 0 Bank Owned No Boundary Survey 5.27 Commercial Features Signage IncludedStorage Electrical Expenses 800 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Provided General Zoning Classification BusinessCommercialMulti-FamilyOfficeResidentialRetail Gross Adjusted Income 167959 Gross Rent Multiplier 14 Gross Scheduled Income 169656 Heating Expenses 2547 Hers Index 0 Home Owner Dues 0 Insurance Expenses 2456 Net Operating Income 133146 Other Expenses 4500 Possession ClosingSub. Tenant's Rights Power Company Seattle City Light Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company Seattle Public Utilities Tax Amount 16510 Tax Year 2020 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 34813 Total Expenses TEX 34813 Total Monthly Rent 14088 Vacancy Rate 1 Water Company Seattle Public Utilities Water Sewer Garbage 8000 Water Source Public Zoning Jurisdiction City

    Listing information © 2020 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 Northern Key Realty | Compass Washington 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 Northern Key Realty | Compass Washington are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-04-08T09:13:01.757.

     
    Northern Key Realty | Compass Washington
    2033 6th Ave, #600
    Seattle WA, 98121
    Listing Courtesy of Windermere R.E. Wall St. Inc..