1237 NE 148th St, Shoreline, WA 98155

$1,713,500
5,944
SqFt

Listing courtesy of North Pacific Properties. Selling Office: .

Sold Price
$1,713,500
List Price
$1,695,000
Status
SOLD
MLS#
1224126
Closing Date
Jan 12, 2018
Days on Market
3
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
5,944
Lot Size (sq ft)
5,870

Property Description

The Heather North Apartments consists of six (6) 2 bedroom, 1.5 bath units that have been recently renovated. All 6 units have a very large townhome style floor plan that includes newer hardwood floors, newer appliances and more. Units include Laundry, Balcony and Dishwashers. This unique property includes a massive underground parking lot for tenants of the building. Heather North Apartments provides investors the opportunity to own a turnkey investment property with great cashflow.

Additional Information

List Date
2017-12-05 00:00:00
Community
Shoreline
Property Type
MULT
Units
6
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1986
Total Parking
13
Uncovered Parking
4
Exterior
Wood Products
Roof
Built-Up
Site Features
Gated Entry
School District
Shoreline
Total Monthly Income
$9,445
Gross Scheduled Income
$113,340
Vacancy Rate
3
Gross Adjusted Income
$109,940
Annual Taxes
$13,521
Tax Year
2017
Insurance Expense
$3,258
W/S/G Expenses
$6,500
Total Expenses
$26,279
Net Operating Income
$83,661
Gross Rent Multiplier
15
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.50
Unit 1 Size
990
Unit 1 Rent
$1,550
Unit 2 Beds
2
Unit 2 Baths
1.50
Unit 2 Size
990
Unit 2 Rent
$1,565
Unit 3 Beds
2
Unit 3 Baths
1.50
Unit 3 Size
990
Unit 3 Rent
$1,550
Unit 4 Beds
2
Unit 4 Baths
1.50
Unit 4 Size
990
Unit 4 Rent
$1,630
Unit 5 Beds
2
Unit 5 Baths
1.50
Unit 5 Size
990
Unit 5 Rent
$1,550
Unit 6 Beds
2
Unit 6 Baths
1.50
Unit 6 Size
990
Unit 6 Rent
$1,600

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

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