6537 Oswego Place NE, Seattle, WA 98115

$2,400,000
5,290
SqFt

Listing courtesy of Heaton Dainard, LLC.

List Price
$2,400,000
Status
ACTIVE
MLS#
1216869
Days on Market
40
Style
56 - 10+ Units
Building Condition
Average
Finished SqFt
5,290
Lot Size (sq ft)
7,800

Property Description

Great investment opportunity w this fully leased, 11-unit (9 studios & two 1- bed apartments) building located in the Green Lake neighborhood. VALUE ADD: Create addtnl studio in basement. Excellent rent upside for new owner. Off street parking/Ample storage/Coin-op Laundry on site/Professionally managed. 7800 SQ FT lot zoned LR3 RC, could support 7-9 unit townhome site (Buyer to verify). Short walk to future Roosevelt Light Rail station, across street from Green Lake P&R, easy access to I-5.

Additional Information

List Date
2017-12-07 00:00:00
Community
Green Lake
Property Type
MULT
Units
11
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1950
Total Parking
7
Uncovered Parking
7
Exterior
Brick, Wood
Roof
Composition, Flat
Site Features
Fenced-Partially
Lot Details
Dead End Street, Paved Street
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$12,240
Gross Scheduled Income
$146,875
Gross Adjusted Income
$146,875
Annual Taxes
$17,015
Tax Year
2017
Insurance Expense
$3,230
W/S/G Expenses
$5,496
Total Expenses
$42,078
Net Operating Income
$104,797
Gross Rent Multiplier
16
Cap Rate
4

Room Dimensions

Unit 1 Baths
1.00
Unit 1 Size
265
Unit 2 Baths
1.00
Unit 2 Size
395
Unit 3 Baths
1.00
Unit 3 Size
395
Unit 4 Baths
1.00
Unit 4 Size
395
Unit 5 Baths
1.00
Unit 5 Size
395
Unit 6 Baths
1.00
Unit 6 Size
395

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

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