Bought with Skyline Properties, Inc.
$2,000,000
$2,190,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
2460 NE Northgate WAY Seattle, WA 98125
5,800 SqFt
Key Details
Sold Price $2,000,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,800 sqft
Price per Sqft $344
Subdivision Seattle
MLS Listing ID 2206896
Sold Date 07/12/24
Style 56 - 10+ Units
Year Built 1962
Annual Tax Amount $17,536
Lot Size 8,000 Sqft
Property Description
This boutique 10 unit apartment checks all the boxes with its ideal location, mid-mod vibes, ample parking & strong cash flow. Fully stabilized with updated units, market rents & excellent professional management! Offered at a true 6.4% Cap Rate! A good unit mix of 2 beds, 1 beds, studios plus easy access to Northgate & Lake City Way attract solid commuter tenants. All units were remodeled to the studs with sleek new kitchens, baths, SS appliances, tile backsplash & pops of chic Hawaiian themed touches. Recent CapX includes new windows, 30 year TPO roof & updated plumbing throughout. Coin Op laundry provides additional income. In a world of bland & drab apartment buildings-be an Aloha House... don't miss this unique turnkey investment!
Location
State WA
County King
Area 710 - North Seattle
Interior
Interior Features Concrete, Bamboo/Cork, Laminate Hardwood
Flooring Bamboo/Cork, Concrete, Engineered Hardwood, Laminate
Fireplace Yes
Exterior
Exterior Feature Cement/Concrete, Stucco
Waterfront No
View Y/N Yes
View City
Roof Type Flat
Building
Lot Description Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157