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4528 20th Ave NE

Seattle, WA 98105 View Map $2,590,000 Schedule a Tour
Sq.Ft.5,952
Year1964
Conor MacEvilly

Conor MacEvilly

(206) 349-8477

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Listing Office

Office:Best Choice Realty

multi-family for sale at 4528 20th Ave NE Seattle, WA 710 - North Seattle 98105, MLS#2165235


Status: Pending
Property Type:Multi-Family
MLS® #:2165235
Sq. Feet:5,952
Lot Size:0.09 Acres
County:King
Turn around 27 unit apartment complex listed at 5.2% Cap Rate based so far on 2023. Current vacancy at 19% which allows for instant potential to increase cap rate.This complex has 1 kitchen 4 showers and 4 rest rooms; coin op laundry, and 6 parking stalls. All studios are decent sized with mini fridge, microwave, bed, chair and desk. All windows upgraded to vinyl cased thermopane. All original systems are intact and working well. All rooms have baseboard radiator heat supplied by central gas fired boiler with four zones, dedicated thermostat on each floor. 2 hot gas hot water tanks. In 2021 and 2022, all flooring was upgraded to LVP. New Torch down roof is 2017. Ask Broker to see more pictures of the property.

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Detailed Maps

Price Change History

Date Old Price New Price Percent Change
11/12/2023$2,695,000$2,590,000-3.9%

Community Information

Address:4528 20th Ave NE, Seattle, WA 98105
Area:710 - North Seattle
County:King
City:Seattle
School District:Seattle
Zip Code:98105
Plat or Condo Bldg.:Campus Add N 38.78 Ft

Architecture

Year Built:1964
Stories:4
Possible Use: Multi-Family
Year Built Effective: 2005
Building Style: 10+ Units
Building Condition: Average
Roof: Flat
Foundation: Poured Concrete

Features / Amenities

Flooring: Vinyl Plank
Exterior Features: Wood
Green Energy Efficient: Thermal Windows
Site Features: Outbuildings, Sprinkler System
Open Parking Spaces: 2
Parking Total: 6
Heating: Baseboard

Property Features

Lot Size: 0.09 Acres
Lot Features: Alley, Curbs, Paved, Sidewalk
Sq.Ft. Size: 5952
Lot Sq.Ft. Size: 3878
Sewer: Sewer Connected
Water: Public
Directions:Exit 169a towards 50th st. Left onto 50th, right onto 20th ave NE. Property located on east side of road.

Tax and Financial Info

Tax Year: 2022
Tax Annual Amount: $20,166
Fuel Expense: $3,860
Electric Expense: $3,800
Insurance Expense: $6,907
Net Income: $75,632
Listing Terms: Cash Out, Conventional
Total Monthly Income: $17,098
Net Operating Income: $75,632
Total Expenses: $102,933
Offers: Seller,intends,to
Possession: Closing, Tenant's Rights

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4528 20th Ave NE Seattle,  WA 98105
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4528 20th Ave NE Seattle, WA 98105
 
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All listings featuring the icon Board of Realty Logo are provided courtesy of the Northwest Multiple Listing Service (NWMLS), Copyright 2024. All rights reserved. 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. The information contained in these listings has not been verified by Keller Williams Realty Greater Seattle and should be verified by the buyer. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Listing information last updated on April 24, 2024 at 11:45 AM PST.
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