16541 5th Ave NE, Shoreline, WA 98155

$1,925,000
9,357
SqFt

Listing courtesy of RE/MAX Metro Realty, Inc.. Selling Office: .

Sold Price
$1,925,000
List Price
$1,895,000
Status
SOLD
MLS#
1228251
Closing Date
Feb 05, 2018
Days on Market
12
Style
55 - 5-9 Units
Finished SqFt
9,357
Lot Size (sq ft)
22,785

Property Description

This is an 8 unit + a house on a half acre lot in the micro neighborhood of Ridgecrest. It's very tenant friendly with comfortable units, lots of parking and a short walk to Cafe Aroma, the Ridgecrest Public House, a 24 hour 7-11 and the iconic Crest theatre.

Additional Information

List Date
2017-12-26 00:00:00
Community
Ridgecrest
Property Type
MULT
Units
9
Stories
3
Potential Terms
Cash Out
Year Built
1976
Total Parking
18
Uncovered Parking
12
Exterior
Wood
Roof
Built-Up
Lot Details
Paved Street
School District
Shoreline
Total Monthly Income
$11,170
Gross Scheduled Income
$134,040
Vacancy Rate
1
Gross Adjusted Income
$132,700
Annual Taxes
$17,354
Tax Year
2017
Insurance Expense
$5,333
W/S/G Expenses
$12,234
Total Expenses
$50,977
Net Operating Income
$81,722
Gross Rent Multiplier
14
Cap Rate
4

Room Dimensions

Unit 1 Baths
1.00
Unit 1 Rent
$900
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Rent
$925
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Rent
$975
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Rent
$995
Unit 5 Beds
1
Unit 5 Baths
1.50
Unit 5 Rent
$1,125
Unit 6 Beds
2
Unit 6 Baths
1.50
Unit 6 Rent
$1,375
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