1530 NE 146th Street, Shoreline, WA 98155

$6,100,000

Listing courtesy of Westlake Associates, Inc..

List Price
$6,100,000
Status
PENDING
MLS#
1788290
Price Change
▼ $100,000 1633054325
Days on Market
123
Style
56 - 10+ Units
Area Total SqFt
20680
Lot Size (sq ft)
24,328

Property Description

The Bluestone Apartments, located just outside of Seattle city limits, provides an opportunity to acquire a 26-unit property with all the gut renovations completed. All 26 units have been renovated within the last 5 years. Renovations include granite countertops - kitchen and bathrooms, wood cabinets, new light fixtures and more. The asset provides new ownership with an immediate upside with proven rents and with all current tenants in good standing. Bluestone is ideally located blocks away from the new light rail station opening in 2024 with direct access to Seattle. New ownership will enjoy an ideal location with added appreciation.

Additional Information

List Date
2021-06-08 00:00:00
Community
Briarcrest
Potential Terms
Cash Out, Conventional
Year Built
1978
Roof
Flat
Heating/Cooling Type
Baseboard
Other Expenses
43439
Energy Source
Electric
School District
Shoreline
Total Monthly Income
$34,597
Gross Scheduled Income
$517,611
Vacancy Rate
3
Gross Adjusted Income
$499,161
Tax Year
2021
Insurance Expense
$16,000
W/S/G Expenses
$24,958
Total Expenses
$157,021
Net Operating Income
$342,140
Gross Rent Multiplier
12
Cap Rate
5
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks