Price Reduction
Listing Provided Courtesy Of:
Pilot Ventures LLC and NWMLS
Address
10551 N Midvale Avenue Seattle, WA
Price
$ 1,395,000
Property Attributes
  • ML#1688987
  • TypeMulti-Family
  • CountyKING
  • CitySeattle
  • AreaBallard-Greenlak
  • NeighborhoodNorthgate
  • Zip98133
  • Style5-9 Units
  • Year Built1986
  • Taxes14255
  • Price$ 1,395,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4190
  • Lot Size4,901 SqFt
Listing Provided Courtesy Of:
Pilot Ventures LLC and NWMLS
Property Description

Midvale-5 Apartments presents the opportunity to acquire a 5-unit asset strategically located in Seattles dynamic Northgate neighborhood. The asset is poised for significant revenue growth via organic market rent increases due to below market rents, implementation of a RUBS program, and other revenue streams. The current ownership group updated interiors with laminate flooring, marble countertops, and stainless-steel appliances in 2018. In addition, a new roof was installed in 2019. Pride of ownership and proper management are apparent. The opportunity to increase below market rents will give new ownership an even stronger return on their investment in a low interest rate environment.

Price History
11/12/2020 Listed $1,475,000
1/15/2021 6% - $1,395,000

General Features

Amenities Coin Op Laundry
Exterior Features Wood
Flooring Vinyl
High School District Seattle
New Construction No
Property SubType Multi-Family
Property Type Residential Income
Sewer Available
Standard Status Active
Structure Type Multi Family
Subdivision Name Northgate
Total Units 5
Units Below Grade false

Interior Features

Fireplace Y/N No
Power Production Type Electric

Exterior Features

Lot Size Units Square Feet
Parking Uncovered Spaces 8
Total Parking 13

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 98133

Price
AVG $1.31M
$1.4M
Taxes
AVG $10,475
$14,255
Visits
AVG 95
40
Year Built
AVG 1962
1986
Walkscore
AVG 82
87
Data Provided by Walkscore ® not using MLS data

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