Price Reduction
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
Taxes
Visits
Year Built
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