12741 NE 35th Ave NE, Seattle, WA, 98125
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Property Details
13
8
Multi-Family
Description
Property Details: • Type: Multi-Family • Bedrooms: 13 • Bathrooms: 8 • Square Feet: 6351 • Lot/Size: 7,121 sqft lot
Description: WPI Real Estate is pleased to present 12741 35th Ave NE, an 8-unit apartment building in the heart of North Seattle. Reconstructed in 1995, keeping only the foundation and frame, the building totals 6,351 gross square feet and comprises 5 two-bedroom and 3 one-bedroom units across approximately 5,515 rentable square feet, set on a 7,121SF corner lot zoned Lowrise 2 (M). The property is offered at an actual cap rate of 5.39%, with attractive owner financing available: 50% down @ 5% fixed interest, amortized over 360 months on a 5-year term. It delivers a stabilized income stream today, with clear upside through utility pass-through/RUBS implementation, adding additional units (buyer to verif
Location
Address
12741 NE 35th Ave NE, Seattle, WA, 98125
City
Seattle
Features and Finishes
Year Built: 1995; [object Object]; [object Object]; [object Object]
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