2701 S Walden Street, Seattle, WA 98144

$3,000,000
6,702
SqFt

Listing courtesy of Westlake Associates, Inc..

List Price
$3,000,000
Status
ACTIVE
MLS#
2006378
Days on Market
111
Style
56 - 10+ Units
Finished SqFt
6,702
Area Total SqFt
6702
Annual Tax Ammount
16775
Lot Size (sq ft)
7,651
Sewer
Sewer Connected

Property Description

Built in 1967 and recently renovated in 2019/2020, the Quaker Court is a 10-unit apartment building located in the Mt. Baker neighborhood. This convenient, urban location is just blocks from Mt. Baker Station, several recreational parks, restaurants, and schools. The systems throughout the building that have been updated include the following: washer/dryer, quartz counters, LVP flooring, stainless appliances, new decks, freshy painted exterior and common areas with new carpet. This is a value-add opportunity from a management perspective, as all the heavy lifting has been completed; just need to raise the income.

Additional Information

List Date
2022-10-11 19:13:10
Community
Columbia City
Net Operating Income
$136,649
Gross Adjusted Income
$183,854
Gross Scheduled Income
$189,540
Total Monthly Income
$15,795
Insurance Expenses
$4,500
Water/Sewer/Garbage Expenses
$8,650
Gross Rent Multiplier
15.8
Total Expenses
$47,205
Cap Rate
4.55
Vacancy Rate
3
Total Number of Units
10
Unit Name
2701
Potential Terms
Cash Out
Year Built
1966
Roof
Flat
Site Features
Deck, Patio
Heating/Cooling Type
Baseboard
Other Expenses
17280
Energy Source
Electric
School District
Seattle
Total Monthly Income
$15,795
Gross Scheduled Income
$189,540
Vacancy Rate
3
Gross Adjusted Income
$183,854
Tax Year
2022
Insurance Expense
$4,500
W/S/G Expenses
$8,650
Total Expenses
$47,205
Net Operating Income
$136,649
Gross Rent Multiplier
15.8
Cap Rate
4.55
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