8001 14th Ave NE

    Seattle, WA 98115
    • $2,525,000
    • STATUS: Active
    • ON SITE: 41 days
    • ID#: 1568081
    $2,525,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,800
      SQFT
    • $371
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    School District:
    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 2020-04-03T00:13:35.2.

    www.northernkeyteam.com/homes/103441001

    8001 14th Ave NE Seattle, WA 98115

    • Price: $2,525,000
    • Status: Active
    • ID#: 1568081
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,800
    SQFT
    $371
    $/SQFT
    1948
    Built
    Neighborhood:
    Lake City
    County:
    King
    Area:
    N.Seattle/UW/Wedgewood/V.Ridge/Lk Cty
    School District:
    Seattle
    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

    Carport Spaces 0 Exterior Cement/Concrete Foundation Poured Concrete Garage Spaces 0 Lot Details AlleyCorner LotCurbsPaved StreetSidewalk Roof Torch Down Stories In Building 2 Style 55 - 5-Plex Total Parking Spaces 8 Uncovered Spaces 8

    Interior Features

    Floor Covering Ceramic TileConcreteHardwoodVinylWall to Wall Carpet Heating And Cooling Forced AirRadiatorWall Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 850 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 700 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 700 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 700 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 0 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 350 Unit5 Washer Dryer N Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven N Unit6 Refrigerator Y Unit6 Sq Ft 3003 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 5.27 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 Leased Items None Net Operating Income 133146 New Construction YN No Other Expenses 4500 Possession ClosingSub. Tenant's Rights Power Company Seattle City Light Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company Seattle Public Utilities Site Features Gas AvailableHigh Speed InternetOutbuildings Tax Amount 16510 Tax Year 2020 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 34813 Total Expenses TEX 34813 Total Monthly Income 14088 Unit1 Monthly Rent 997 Unit2 Monthly Rent 1150 Unit3 Monthly Rent 695 Unit4 Monthly Rent 1035 Unit5 Monthly Rent 350 Unit6 Monthly Rent 9791 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 2020-04-03T00:13:35.2.

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