10521 Midvale Ave N

    Seattle, WA 98133
    • $1,965,000
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: 1285316
    UPDATED: 28 min ago
    $1,965,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,250
      SQFT
    • $374
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1978
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Westlake Associates, Inc..

    Description

    The Ed John Apts is a secure entry stucco building built in 1978. New roof in 2017 w/ 10 yr warranty. The interior is composed of six 1-bed units and two 2-bed units. 5 unit have received significant cosmetic upgrades. Amenities include coin-op laundry, large storage lockers, 5 garage parking spaces and 8 street level parking spaces. Currently, the rents are well below market with significant upside. Close to Northgate Mall, the Northgate Urban Center and the Northgate Light Rail Station.

    Monthly Payment Calculator

    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 The Craig McKenzie Team | KW Whidbey are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-22T11:15:41.887.

    www.thecraigmckenzieteam.com/homes/83212716

    10521 Midvale Ave N Seattle, WA 98133

    • Price: $1,965,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: 1285316
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    5,250
    SQFT
    $374
    $/SQFT
    1978
    Built
    Neighborhood:
    Northgate
    County:
    King
    Area:
    N.Seattle/UW/Wedgewood/V.Ridge/Lk Cty
    School District:
    Seattle
    Property Description
    The Ed John Apts is a secure entry stucco building built in 1978. New roof in 2017 w/ 10 yr warranty. The interior is composed of six 1-bed units and two 2-bed units. 5 unit have received significant cosmetic upgrades. Amenities include coin-op laundry, large storage lockers, 5 garage parking spaces and 8 street level parking spaces. Currently, the rents are well below market with significant upside. Close to Northgate Mall, the Northgate Urban Center and the Northgate Light Rail Station.
    Exterior Features

    Carport Spaces 0 Exterior StuccoWood Garage Spaces 5 Roof Composition Stories In Building 2 Style 55 - 5-Plex Total Parking Spaces 13 Uncovered Spaces 8

    Interior Features

    Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Fireplaces 0 Unit1 Sq Ft 600 Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Sq Ft 825 Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Sq Ft 600 Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Fireplaces 0 Unit4 Sq Ft 600 Unit5 Bathrooms 1.00 Unit5 Bedrooms 1 Unit5 Fireplaces 0 Unit5 Sq Ft 600 Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Fireplaces 0 Unit6 Sq Ft 825 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 4.40 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided Gross Adjusted Income 122493 Gross Rent Multiplier 15 Gross Scheduled Income 128940 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 2300 Leased Items None Net Operating Income 86379 New Construction YN No Other Expenses 13725 Possession Closing Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 11589 Tax Year 2018 Terms Cash Out Third Party Approval Required None Total Expenses EXP 36114 Total Expenses TEX 36114 Total Monthly Income 10745 Unit1 Monthly Rent 1075 Unit2 Monthly Rent 1530 Unit3 Monthly Rent 1200 Unit4 Monthly Rent 1120 Unit5 Monthly Rent 1025 Unit6 Monthly Rent 1500 Vacancy Rate 5 Water Sewer Garbage 8500

    Listing information © 2018 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 The Craig McKenzie Team | KW Whidbey 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 The Craig McKenzie Team | KW Whidbey are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-22T11:15:41.887.

     
    The Craig McKenzie Team | KW Whidbey
    32650 SR 20
    Oak Harbor WA, 98277
    Listing Courtesy of Westlake Associates, Inc..