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+12534953939
Real Broker LLC
10550 Midvale Avenue N, Seattle, WA 98133
Listing Broker: Cascade Properties & Invest.; Lisa A Scivally; 425-628-0631; lisa@cpiwa.com
- $1,250,000
- 3,072
- SqFt
- List Price
- $1,250,000
- Status
- ACTIVE
- MLS#
- 2602304
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,072
- Area Total SqFt
- 3072
- Annual Tax Ammount
- 11567
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 7,350
- Sewer
- Sewer Connected
Property Description
Situated in Seattle's Haller Lake neighborhood, this fantastic 4 unit multifamily building benefits from a North Seattle location that connects residential living with convenient access to shopping, employment, transportation, and neighborhood services. The unit mix includes four 2 bedroom 1 bath apartment homes with coin-op laundry onsite. 4 dedicated covered carports + 4 additional off-street parking. All units nicely updated with new interior paint, updated LVP flooring, with some updated cabinets and counters and baths. Full exterior paint and decks in 2023 and new roof 2024. The surrounding area provides access to Northgate shopping, great commuting options @ Aurora Ave North and Highway 99 and I-5 and Northgate Station and regional light rail connections. Convenient nearby neighborhood restaurants, cafés, and everyday conveniences & local parks and green spaces. This combination can appeal to renters who want access to Seattle's employment and commercial centers without necessarily living in a dense downtown apartment community. The City of Seattle's Northgate Regional Center Plan further illustrates the city's long-term vision for growth, housing, transportation, and neighborhood improvements. For multifamily investors, these changes matter because neighborhood investment, accessibility, and employment opportunities can contribute to long-term rental demand.
Additional Information
- Community
- Haller Lake
- Net Operating Income
- $61,464
- Gross Adjusted Income
- $91,260
- Gross Scheduled Income
- $91,260
- Total Monthly Income
- $7,605
- Insurance Expenses
- $3,000
- Water/Sewer/Garbage Expenses
- $4,384
- Gross Rent Multiplier
- 13.69
- Total Expenses
- $29,796
- Cap Rate
- 4.92
- Total Number of Units
- 4
- Unit Name
- 10550
- Potential Terms
- Cash, Conventional
- Year Built
- 1959
- Roof
- Flat
- Site Features
- Cable TV, Deck, Fenced-Fully, Patio
- Electric Expenses
- 1183
- Other Expenses
- 9662
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $7,605
- Gross Scheduled Income
- $91,260
- Gross Adjusted Income
- $91,260
- Tax Year
- 2026
- Insurance Expense
- $3,000
- W/S/G Expenses
- $4,384
- Total Expenses
- $29,796
- Net Operating Income
- $61,464
- Gross Rent Multiplier
- 13.69
- Cap Rate
- 4.92
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.