Bought with NAREIG
$2,900,000
$2,950,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
9,975 SqFt
SOLD DATE : 08/20/2024
Key Details
Sold Price $2,900,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,975 sqft
Price per Sqft $290
Subdivision Northgate
MLS Listing ID 2262502
Sold Date 08/20/24
Style 55 - 5-9 Units
Year Built 1986
Annual Tax Amount $28,860
Lot Size 7,330 Sqft
Property Description
ASSUMABLE FINANCING with a 3.32% Interest Rate. Constructed in 1986, Northgate 9 is a 3-story, wood-framed building featuring a ground-floor parking garage. The property comprises nine 2-bedroom, 2-bathroom apartment units, each spanning an average of 1,108 sqft. Every unit boasts an open-concept layout, covered balconies, full appliance package and in-unit full-size washers and dryers. Northgate 9 presents a unique investment opportunity. Prospective investors can capitalize on the property’s strategic location and low-maintenance appeal. Potential for enhancing returns by renovating additional unit interiors, adjusting rents to align with market rates, and securing the parking garage by adding a garage door & charging for parking.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Flooring Vinyl Plank
Fireplace Yes
Exterior
Exterior Feature Wood, Wood Products
Amenities Available Deck, Fenced-Partially
Waterfront No
View Y/N No
Roof Type Composition
Building
Lot Description Paved
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Assumable, Cash Out, Conventional, See Remarks
Listing Terms Assumable, Cash Out, Conventional, See Remarks
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