2711 NE 115th St, Seattle, WA 98125

$2,250,000
7,650
SqFt

Listing courtesy of Pilot Ventures LLC.

List Price
$2,250,000
Status
ACTIVE
MLS#
1757741
Days on Market
25
Style
55 - 5-9 Units
Building Condition
['Remodeled']
Finished SqFt
7,650
Lot Size (sq ft)
12,650

Property Description

The Agena features recently remodeled units with hardwood floors and updated cabinets. New TPO roof replaced in 2019 and 15 surface parking stalls, Above average 800 - 900 square foot units. The Agena Apartments are situated in Seattle’s Lake City neighborhood, strategically positioned near I-5 and SR-522 allowing for convenience and mobility in all directions. Residents will find a myriad of locally owned restaurants, cafes, and microbreweries in close proximity. The area is poised to continue on an exciting path of rapid growth and gentrification, designated as one of 6 Hub Urban Villages by the City and will benefit immensely from a growth strategy that encourages increased density of residential and commercial development.

Additional Information

List Date
2021-04-14 00:00:00
Community
Lake City
Property Type
MULT
Units
9
Stories
3
Potential Terms
Cash Out
Year Built
1966
Total Parking
15
Uncovered Parking
15
Exterior
Metal/Vinyl
Roof
Flat
Lot Details
Paved Street
School District
Seattle
Total Monthly Income
$12,772
Gross Scheduled Income
$141,930
Vacancy Rate
5
Gross Adjusted Income
$153,270
Annual Taxes
$18,825
Tax Year
2020
Insurance Expense
$4,071
W/S/G Expenses
$10,982
Total Expenses
$51,113
Net Operating Income
$102,157
Gross Rent Multiplier
15
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
810
Unit 1 Rent
$1,325
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
810
Unit 2 Rent
$1,340
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
920
Unit 3 Rent
$1,500
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
815
Unit 4 Rent
$1,195
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
815
Unit 5 Rent
$1,350
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
925
Unit 6 Rent
$1,525
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