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4528 20th Avenue NE

Seattle, WA 98105
  • $2,590,000
  • STATUS: Pending
  • ID#: 2165235
Under Contract
UPDATED: 61 min ago
$2,590,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,952
    SQFT
  • $435
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

School District:
Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Best Choice Realty.
Mortgage Calculator is provided by BoomTown.

Description

Turn around 27 unit apartment complex listed at 5.2% Cap Rate based so far on 2023. Current vacancy at 19% which allows for instant potential to increase cap rate.This complex has 1 kitchen 4 showers and 4 rest rooms; coin op laundry, and 6 parking stalls. All studios are decent sized with mini fridge, microwave, bed, chair and desk. All windows upgraded to vinyl cased thermopane. All original systems are intact and working well. All rooms have baseboard radiator heat supplied by central gas fired boiler with four zones, dedicated thermostat on each floor. 2 hot gas hot water tanks. In 2021 and 2022, all flooring was upgraded to LVP. New Torch down roof is 2017. Ask Broker to see more pictures of the property.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Royston Team at Keller Williams Greater 360 are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-04-24T13:16:58.663. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-04-24T13:16:58.663. 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.
www.roystonteam.com/homes/143789136
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4528 20th Avenue NE Seattle, WA 98105

  • Price: $2,590,000
  • Status: Pending
  • On Site: Days
  • Updated: 61 min ago
  • ID#: 2165235
0
Beds
0
Baths
0
½ Baths
0.09
Acres
5,952
SQFT
$435
$/SQFT
1964
Built
Neighborhood:
University District
County:
King
Area:
N.Seattle/UW/Wedgewood/V.Ridge/Lk Cty
School District:
Seattle
Property Description
Turn around 27 unit apartment complex listed at 5.2% Cap Rate based so far on 2023. Current vacancy at 19% which allows for instant potential to increase cap rate.This complex has 1 kitchen 4 showers and 4 rest rooms; coin op laundry, and 6 parking stalls. All studios are decent sized with mini fridge, microwave, bed, chair and desk. All windows upgraded to vinyl cased thermopane. All original systems are intact and working well. All rooms have baseboard radiator heat supplied by central gas fired boiler with four zones, dedicated thermostat on each floor. 2 hot gas hot water tanks. In 2021 and 2022, all flooring was upgraded to LVP. New Torch down roof is 2017. Ask Broker to see more pictures of the property.
Exterior Features

Carport Spaces 4 Carport YN No Construction Methods Standard Frame Covered Spaces 0 Exterior Features Wood Lot Features AlleyCurbsPavedSidewalk Open Parking Spaces 2 Open Parking YN Yes Parking Total 6 Parking Uncovered Spaces 2 Roof Flat Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

Interior Features

Building Area Total 5952 Cooling None Cooling YN No Fireplace YN No Flooring Vinyl Plank Heating Baseboard Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Thermal Windows Association Fee 0 Association YN No Building Name CAMPUS ADD N 38.78 FT Energy Source ElectricNatural Gas FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Green Energy Efficient Thermal Windows Irrigation Water Rights YN No Listing Terms Cash OutConventional Lot Number 10 Net Operating Income 75632 New Construction YN No Possession ClosingTenant's Rights Possible Use Multi-Family Power Company Seattle City Lights Power Production Type ElectricNatural Gas Property Condition Average Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company Seattle Public Utilities Site Features OutbuildingsSprinkler System Special Listing Conditions None Tax Annual Amount 20166 Tax Year 2022 Units In Building Total 27 Water Company Seattle Public Utilities Water Source Public Year Built Effective 2005 Zoning Class Multi-Family Zoning Jurisdiction City



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Royston Team at Keller Williams Greater 360 are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-04-24T13:16:58.663. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-04-24T13:16:58.663. 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.
 
https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_2165235-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_2165235-1.jpg
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The Royston Team at Keller Williams Greater 360
Poulsbo WA, 98370
Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Best Choice Realty.
Mortgage Calculator is provided by BoomTown.