Bought with ZNonMember-Office-MLS
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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,984 sqft
Price per Sqft $250
Subdivision Lake City
MLS Listing ID 2011546
Sold Date 03/02/23
Style 55 - 5-9 Units
Year Built 1962
Annual Tax Amount $15,476
Lot Size 9,225 Sqft
Property Description
On the market for the first time in 31 years, the Little Brook Apartments is well positioned in Seattle’s up-and-coming Lake City neighborhood with easy access to the prominent employment centers of Downtown Seattle, South Lake Union, and the Eastside. The property is well maintained and boasts a variety of upgrades including a new roof, dual-pane vinyl windows, and recent renovations to 6 of the 8 units. With an economical price point of $150,000 per unit, or $214 per square foot, and offering a 5.8% cap rate on in-place rent increases, the Little Brook Apartments affords an investor an excellent value.
Location
State WA
County King
Area 710 - North Seattle
Interior
Interior Features Forced Air, Laminate Hardwood
Flooring Laminate
Fireplace false
Exterior
Exterior Feature Brick, See Remarks, Wood
Amenities Available Fenced-Partially
View Y/N No
Roof Type Composition
Building
Lot Description Paved, Value In Land
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Olympic Hills
Middle Schools Jane Addams
High Schools Nathan Hale High
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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