11740 Greenwood Ave N, Seattle, WA 98133

$7,500,000
22,900
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$7,500,000
Status
ACTIVE
MLS#
1721751
Days on Market
73
Style
56 - 10+ Units
Finished SqFt
22,900
Lot Size (sq ft)
14,400

Property Description

30-unit apartment building located in the quiet tight-knit Greenwood neighborhood. Olympic View apartments is within walking distance to the retail on Greenwood/Phinney and offers ease of access to Greenlake, Phinney, Fremont, Northgate and Downtown Seattle. First time on the market, this is a rare opportunity to acquire a well-maintained asset in a desirable North Seattle neighborhood with repositioning upside.

Additional Information

List Date
2021-01-27 00:00:00
Community
Greenwood
Property Type
MULT
Units
30
Stories
4
Potential Terms
Cash Out, Conventional
Year Built
1987
Total Parking
30
Exterior
Wood, Wood Products
Roof
Flat
School District
Seattle
Total Monthly Income
$36,965
Gross Scheduled Income
$443,580
Vacancy Rate
5
Gross Adjusted Income
$421,401
Annual Taxes
$63,710
Tax Year
2020
Insurance Expense
$9,184
W/S/G Expenses
$34,000
Total Expenses
$173,493
Net Operating Income
$247,908
Gross Rent Multiplier
16
Cap Rate
3

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
2.00
Unit 1 Size
950
Unit 1 Rent
$1,400
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
570
Unit 2 Rent
$1,200
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
570
Unit 3 Rent
$1,150
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
570
Unit 4 Rent
$1,225
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
570
Unit 5 Rent
$935
Unit 6 Beds
2
Unit 6 Baths
2.00
Unit 6 Size
950
Unit 6 Rent
$1,400
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