929 N 98th St Seattle
Listing provided by NWMLS, courtesy of CBRE INC
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Description: Willow Tree Apartments, a 10-unit value-add investment opportunity with development upside in North Seattle. Built in 1984, the Property features an ideal mix of 6 one-bedroom and 4 two-bedroom units, with washers and dryers. RUBS program in-place and parking income. In 2017, Willow Tree?s zoning was adjusted to become a part of the Licton Springs Village, allowing a higher density with no parking restrictions. Prelim architect drawings allow for 13 to 14 additional units.
Interior
Approx. Sq Ft:
10,584 ft²
Energy Source:
Electric
Heating and Cooling:
Baseboard
Floor Covering:
Laminate Hardwood, Wall to Wall Carpet
Amenities:
Storage, See Remarks
Utilities
Water Company:
Seattle
Sewer:
Available
Location
City:
Seattle
State:
WA
Zip Code:
98103
Area:
705
County:
King
School District:
Seattle
Latitude:
47.70025900
Longitude:
-122.34609200
Building
Year Built:
1984
Roof:
Composition
Exterior:
No
Number of Units in Building:
10
School
School District:
Seattle
Junior High:
Buyer To Verify
Elementary School:
Buyer To Verify
Senior High:
Buyer To Verify
Lot
Lot Sq Ft:
6,756 ft²
Lot Dimensions:
50x135x50x135
Number of Stories in Building:
4
Site
Community Name:
Northgate
Rent
Terms:
Cash Out
Finance & Taxes
Homeowner Dues (monthly):
None
Tax Expense:
$15,733
Insurance Expenses:
3224
Electrical Expenses:
0
Heating Expenses:
0
Other Expenses:
8842
Total Expenses:
40097
Tax Year:
2019
Gross Scheduled Income:
178305
Vacancy Rate:
5
Gross Adjusted Income:
169390
Total Expenses:
40097
Net Operating Costs:
129293
Gross Rent Multiplier:
17
Total Monthly Income:
14438
Unit 1
Description Unit 1:
21
Sq Ft Unit 1:
600 ft²
Bedrooms Unit 1:
1
Bathrooms Unit 1:
1.00
Range/Oven Unit 1:
Y
Refrigerator Unit 1:
Y
Dishwasher Unit 1:
Y
Washer/Dryer Unit 1:
Y
Fireplaces Unit 1:
0
Rent Unit 1:
$1,195
Unit 2
Description Unit 2:
22
Sq Ft Unit 2:
600 ft²
Bedrooms Unit 2:
1
Bathrooms Unit 2:
1.00
Range/Oven Unit 2:
Y
Refrigerator Unit 2:
Y
Dishwasher Unit 2:
Y
Washer/Dryer Unit 2:
Y
Fireplaces Unit 2:
0
Rent Unit 2:
$1,195
Unit 3
Description Unit 3:
23
Sq Ft Unit 3:
600 ft²
Bedrooms Unit 3:
1
Bathrooms Unit 3:
1.00
Range/Oven Unit 3:
Y
Refrigerator Unit 3:
Y
Dishwasher Unit 3:
Y
Washer/Dryer Unit 3:
Y
Fireplaces Unit 3:
0
Rent Unit 3:
$1,195
Unit 4
Description Unit 4:
24
Sq Ft Unit 4:
600 ft²
Bedrooms Unit 4:
1
Bathrooms Unit 4:
1.00
Range/Oven Unit 4:
Y
Refrigerator Unit 4:
Y
Dishwasher Unit 4:
Y
Washer/Dryer Unit 4:
Y
Fireplaces Unit 4:
0
Rent Unit 4:
$1,225
Unit 5
Description Unit 5:
31
Sq Ft Unit 5:
850 ft²
Bedrooms Unit 5:
2
Bathrooms Unit 5:
1.00
Range/Oven Unit 5:
Y
Refrigerator Unit 5:
Y
Dishwasher Unit 5:
Y
Washer/Dryer Unit 5:
Y
Fireplaces Unit 5:
0
Rent Unit 5:
$1,495
Unit 6
Description Unit 6:
32
Sq Ft Unit 6:
600 ft²
Bedrooms Unit 6:
1
Bathrooms Unit 6:
1.00
Range/Oven Unit 6:
Y
Refrigerator Unit 6:
Y
Dishwasher Unit 6:
Y
Washer/Dryer Unit 6:
Y
Fireplaces Unit 6:
0
Rent Unit 6:
$1,195
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Listing provided by NWMLS,
courtesy of CBRE INC