9512 Interlake Ave - Apartments FOR SALE
Seattle, WA 98103 |
9512 Interlake Ave
Seattle, WA 98103
HIGHLIGHTS
- The Property is a 21-unit, three-story apartment building with secure entry and parking garage located just north of Green Lake in Seattle, Washington
- Very attractive 1989-constructed asset with modern systems and recent capital improvements, meaning reduced risk and spending for new ownership.
- Deck upgrades (2018, 2019), Unit renovations (2017, 2020, 2021), and New siding and windows on the front of the building (2020).
- The Property stabilizes to a 6.3% cap rate on total project cost, based on an $18,000/unit renovation budget for classic units.
- The Property is located in a very walkable neighborhood near the Northgate Mall Redevelopment and the Northgate Link Light Rail Station.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Carolyn Court
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
15080
STORIES
3
YEAR BUILT
1989
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
431070-1525
