2012 8th Ave N, Seattle, WA 98109

$1,300,000
2,450
SqFt

Listing courtesy of COMPASS.

List Price
$1,300,000
Status
PENDING INSPECTION
MLS#
1731895
Days on Market
6
Style
53 - Tri-plex
Finished SqFt
2,450
Lot Size (sq ft)
2,890

Property Description

The Lake Union View Apartments is perched on 8th Ave N, high above Westlake Avenue on the East slope of Queen Anne boasting Lake Union views. This is an opportunity for new investor to acquire a legal triplex on LR2 zoning with rental upside. Queen Anne is widely regarded as Seattle’s premier rental location. Enjoy the proximity to Seattle’s South Lake Union, Amazon, Facebook, Google, & the Central Business District.

Additional Information

List Date
2021-02-19 00:00:00
Community
Queen Anne
Property Type
MULT
Units
3
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1907
View
Lake, Territorial
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, High Speed Internet
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Total Monthly Income
$6,771
Gross Scheduled Income
$81,258
Vacancy Rate
30
Gross Adjusted Income
$65,827
Annual Taxes
$8,505
Tax Year
2020
Insurance Expense
$1,883
W/S/G Expenses
$3,325
Total Expenses
$15,431
Net Operating Income
$65,827
Gross Rent Multiplier
16
Cap Rate
5

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
900
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
750
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
600
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Calculator source: Real Geeks