8600 Aurora Ave N, Seattle, WA 98103

$3,695,000
9,671
SqFt

Listing courtesy of RE/MAX Northwest Realtors.

List Price
$3,695,000
Status
ACTIVE
MLS#
1597842
Days on Market
95
Style
56 - 10+ Units
Building Condition
['Average']
Finished SqFt
9,671
Lot Size (sq ft)
19,993

Property Description

The 8600 Aurora Apartments/Commercial are located on Busy Aurora Ave N. in the Aurora-Licton Springs Residential Urban Village area of Seattle . Great steady income as-is or redevelop the property. Great visibility on busy Aurora Ave with a 19,933 lot and NC3P-75(M) Zoning. 100 ft frontage on Aurora and the lot is street to street with Nesbit Ave N on the E. side & 22 on-site parking stalls. Operating statement is actual with a 6.15 CAP. Newer windows , New roofs in 2019 and many new updates .

Additional Information

List Date
2020-05-07 00:00:00
Community
Seattle
Property Type
MULT
Units
24
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1952
Total Parking
22
Uncovered Parking
22
View
City
Exterior
Cement/Concrete, Wood
Roof
Composition, Torch Down
Site Features
Cable TV, High Speed Internet
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Total Monthly Income
$26,753
Gross Scheduled Income
$335,976
Vacancy Rate
1
Gross Adjusted Income
$332,616
Annual Taxes
$30,482
Tax Year
2020
Insurance Expense
$5,940
W/S/G Expenses
$24,000
Total Expenses
$105,172
Net Operating Income
$227,444
Gross Rent Multiplier
11
Cap Rate
6

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
480
Unit 1 Rent
$1,140
Unit 2 Beds
1
Unit 2 Size
242
Unit 2 Rent
$900
Unit 3 Beds
1
Unit 3 Size
333
Unit 3 Rent
$1,000
Unit 4 Beds
1
Unit 4 Size
333
Unit 4 Rent
$1,250
Unit 5 Size
242
Unit 5 Rent
$1,150
Unit 6 Size
242
Unit 6 Rent
$1,075
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