8805 14th Avenue S, Seattle, WA 98108
- $1,805,000
- 5,140
- SqFt
Listing courtesy of Torre Realty.
- List Price
- $1,805,000
- Status
- ACTIVE
- MLS#
- 2482422
- Price Change
- ▼ $5,000 1782016809
- Days on Market
- 552
- Style
- 56 - 10+ Units
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 5,140
- Area Total SqFt
- 5140
- Annual Tax Ammount
- 12535
- Lot Size (sq ft)
- 7,800
- Sewer
- Sewer Connected
Property Description
Newly remodeled 10 unit apartment complex with courtyard and patios, parking for 5 cars on site, coin-operated laundry and storage. All units were completely remodeled in 2017-2019: new floors, kitchens, bathrooms, paint. Building has a new roof (on both buildings: 2019 and 2025), fresh paint (2024), gated access. Fully occupied and well maintained with 0% vacancy and excellent financials. RRIO inspection has been successfully passed in 2019.
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Additional Information
- List Date
- 2025-01-20 23:43:11
- Community
- South Park
- Net Operating Income
- $80,920
- Gross Adjusted Income
- $124,655
- Gross Scheduled Income
- $124,655
- Total Monthly Income
- $12,285
- Insurance Expenses
- $2,135
- Water/Sewer/Garbage Expenses
- $11,091
- Gross Rent Multiplier
- 15.64
- Total Expenses
- $43,734
- Cap Rate
- 5
- Vacancy Rate
- 3
- Total Number of Units
- 10
- Unit Name
- 8805
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Year Built
- 1959
- Roof
- Built-Up
- Site Features
- Cable TV, Fenced-Fully, Gated Entry, High Speed Internet, Patio
- Electric Expenses
- 2000
- Other Expenses
- 15973
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Concord
- Middle School
- Denny Mid
- High School
- Sealth High
- Total Monthly Income
- $12,285
- Gross Scheduled Income
- $124,655
- Vacancy Rate
- 3
- Gross Adjusted Income
- $124,655
- Tax Year
- 2023
- Insurance Expense
- $2,135
- W/S/G Expenses
- $11,091
- Total Expenses
- $43,734
- Net Operating Income
- $80,920
- Gross Rent Multiplier
- 15.64
- Cap Rate
- 5
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.