Current 5.5%+ Cap Rate! All units are well configured with modern floor plans and have been tastefully updated. The building features territorial views from the upper units, ample on-site parking, common laundry, and great rental upside. The property is well located allowing for convenient access to the Greenwood, Ballard, and Northgate neighborhoods along with a short commute to the Seattle CBD. The building is situated on a 4, 900 square foot lot zoned C1-55 providing a host of future development opportunities.
Property Features
Heating and Cooling
- Heating Features: Radiant
- Heating Fuel: Electric
- Heating: Yes
Exterior and Lot Features
Land Info
- Lot Size Acres: 0.1124885
- Lot Size Square Feet: 4900
Garage and Parking
- Open Parking Spaces: 5
- Open Parking: Yes
- Parking Total: 5
Rental Info
- Gross Scheduled Income: 112017
- Leasable Area: 3788
- Leasable Area Units: Square Feet
Multi-Unit Info
- Number of Units: 4
- Bedrooms in Unit-2: 2
- Bedrooms in Unit-3: 2
- Bedrooms in Unit-4: 2
- Bedrooms in Unit-5: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Total Bathrooms in Unit-5: 1
- Unit-1 Description: 1
- Unit-2 Description: 1
- Unit-3 Description: 2
- Unit-4 Description: 3
- Unit-5 Description: 4
- Unit-1 Square Feet: 500
- Unit-2 Square Feet: 822
- Unit-3 Square Feet: 822
- Unit-4 Square Feet: 822
- Unit-5 Square Feet: 822
- Unit 1 Total Actual Rent: 1395
- Unit 2 Total Actual Rent: 1725
- Unit 3 Total Actual Rent: 1885
- Unit 4 Total Actual Rent: 1795
- Unit 5 Total Actual Rent: 1775
School Information
- High School District: Seattle
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Other Property Info
- Annual Tax Amount: 10519
- Source Listing Status: Pending
- Country Region: US
- County: King
- Cap Rate: 5.57
- Directions: From downtown Seattle, merge onto Hwy 99 N/WA-99 N. Turn left onto N 105th St.
- Tax Year: 2024
- Other Expense: 8160
- Source Property Type: Multi-Family
- Insurance Expense: 1698
- List Development Name: Crown Hill
- Property Subtype: condo
- Source Neighborhood: Crown Hill
- Parcel Number: 6145600005
- Street Suffix Modifier: Street
- Subdivision: Crown Hill
- Property Subtype: Multi-family
- Source System Name: C2C
- Buyer Agent Commission: 2.5
Commercial Info
- Net Operating Income: 80711
Building and Construction
- Total Square Feet Living: 3788
- Building Area Total: 3788
- Building Area Units: Square Feet
- Living Area Units: Square Feet
- Property Age: 64
- Roof: Flat
- Building Total Stories: 3
- Structure Type: Quadruplex
- Elevation Units: Feet
Utilities
- Power Production Type: Electric
- Sewer: Available
