$3,700,000 USD
206-499-8191
18209 96th Ave NE
Bothell, WA 98011
Downtown Bothell
HIGHLIGHTS
- The property offers tenants immense convenience with walkability to Downtown Bothell.
- Ownership has done extensive cap-ex spending in recent years including decks, exterior stairs, roofs, exterior paint, and entry doors.
- Ownership has renovated 4 of 16 units with modern finishes that have earned a ~$300/month premium over non-renovated units.
- The property sits on an oversized 38,850 SF lot with DT zoning.
- Featuring a large parking lot with a 2:1 parking ratio.
FOR SALE DETAILS
PRICE
$3,700,000 USD
PRICE/SF
$393 USD /SF
# OF UNITS
16
PRICE/UNIT
$231,250
CAP RATE
5.32%
% LEASED
97%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
96th Avenue Condos
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1985
PARKING SPACES
32
LAND DETAILS
LAND ACRES
0.89 AC
LAND SF
38,768 SF
ZONING
DT
APN/PARCEL ID
609315-0005
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206-499-8191
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206-499-8191
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