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3011 14th Avenue W

Seattle, WA 98119
  • $1,515,000
  • STATUS: Pending
  • ON SITE: 106 days
  • ID#: 1758798
Under Contract
UPDATED: 28 min ago
$1,515,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

School District:
Listing Courtesy of Pilot Ventures Llc.

Description

Valley View Apartments is a well-cared for, stabilized asset with upside in one of Seattles most sought-after neighborhoods. Six spacious 600sf, 1b/1b units, updated over the years with new cabinets, quartz countertops, and updated appliances. Common laundry and a private landscaped backyard. Off-street parking and easy commuting. Minimal deferred maintenance and room to increase performance and capture upside through modernizing interiors. Buyers can expect upwards of a 5.15% stabilized cap-rate and a 4.50% stabilized cash-on-cash return without much of the heavy lifting typically required in a value-add purchase.

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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 Front Street Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-01T07:14:39.407.

www.frontstreetrealty.com/homes/116214363
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3011 14th Avenue W Seattle, WA 98119

  • Price: $1,515,000
  • Status: Pending
  • Updated: 28 min ago
  • ID#: 1758798
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1960
Built
Neighborhood:
Queen Anne
County:
King
Area:
Queen Anne/Magnolia
School District:
Seattle
Property Description
Valley View Apartments is a well-cared for, stabilized asset with upside in one of Seattles most sought-after neighborhoods. Six spacious 600sf, 1b/1b units, updated over the years with new cabinets, quartz countertops, and updated appliances. Common laundry and a private landscaped backyard. Off-street parking and easy commuting. Minimal deferred maintenance and room to increase performance and capture upside through modernizing interiors. Buyers can expect upwards of a 5.15% stabilized cap-rate and a 4.50% stabilized cash-on-cash return without much of the heavy lifting typically required in a value-add purchase.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Products Lot Features CurbsPavedSidewalk Open Parking Spaces 5 Open Parking YN Yes Parking Total 5 Parking Uncovered Spaces 5 Roof Composition Structure Type Multi Family Style Code 55 - 5-9 Units View YN No Waterfront YN No

Interior Features

Fireplace YN No Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

Property Features

Electric Expense 2500 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 96240 Insurance Expense 2591 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Lot Number 15 Net Operating Income 60922 New Construction YN No Possible Use Residential Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 14652 Tax Year 2020 Total Expenses 33151 Units In Building Total 6 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 2399 Zoning Class Residential Zoning Jurisdiction County

Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Front Street Realty and should be verified by the buyer.


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 Front Street Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-01T07:14:39.407.

 
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Front Street Realty
22 NW Front Street Suite B
Coupeville WA, 98239
Listing Courtesy of Pilot Ventures Llc.