Sold

Listed by: Keller Williams Seattle Metro

Bought with: Skyline Properties, Inc.

$2,000,000

2460 NE Northgate Way, Seattle, WA 98125

--beds

--baths

5,800sqft

Multi Family

Built in 1962

-- sqft lot

$1,942,700 Zestimate^®

$345/sqft

$2,495 Estimated rent

Home value

$1,942,700

$1.75M - $2.14M

$2,495/mo

Zestimate^® history

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$2,495/mo

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$12,022/mo

Est. payment

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$12,022/mo

Est. payment

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What's special

Ample parkingNew windowsUpdated unitsLake city wayStrong cash flowMarket rentsSs appliances

This boutique 10 unit apartment checks all the boxes with its ideal location, mid-mod vibes, ample parking & strong cash flow. Fully stabilized with updated units, market rents & excellent professional management! Offered at a true 6.4% Cap Rate! A good unit mix of 2 beds, 1 beds, studios plus easy access to Northgate & Lake City Way attract solid commuter tenants. All units were remodeled to the studs with sleek new kitchens, baths, SS appliances, tile backsplash & pops of chic Hawaiian themed touches. Recent CapX includes new windows, 30 year TPO roof & updated plumbing throughout. Coin Op laundry provides additional income. In a world of bland & drab apartment buildings-be an Aloha House... don't miss this unique turnkey investment!

Facts & features

Interior

Heating

Wall Unit(s), Electric

Cooling

None

Features

Flooring: Bamboo/Cork, Concrete, Engineered Hardwood, Laminate
Windows: Thermal Windows
Has fireplace: No

Interior area

Total structure area: 5,800
Total interior livable area: 5,800 sqft

Property

Parking

Total spaces: 8
Parking features: Open
Carport spaces: 2
Uncovered spaces: 6

Features

Patio & porch: Concrete, Bamboo/Cork, Laminate Hardwood
Has view: Yes
View description: City

Lot

Size: 8,001 sqft
Features: Paved, Sidewalk

Details

Parcel number: 8902500007
Zoning description: Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Cement/Concrete, Stucco
Foundation: Poured Concrete
Roof: Flat

Condition

Good
Year built: 1962
Major remodel year: 1993

Utilities & green energy

Sewer: Sewer Connected
Water: Public

Green energy

Energy efficient items: Thermal Windows

Community & neighborhood

Location

Region: Seattle
Subdivision: Seattle

Other

Other facts

Listing terms: Conventional
Cumulative days on market: 679 days

Price history

Date	Event	Price
7/12/2024	Sold	$2,000,000-8.7%$345/sqft
Source: NWMLS as distributed by MLS GRID #2206896 Report a problem
5/2/2024	Pending sale	$2,190,000$378/sqft
Source: NWMLS as distributed by MLS GRID #2206896 Report a problem
4/9/2024	Price change	$2,190,000-2.7%$378/sqft
Source: NWMLS as distributed by MLS GRID #2206896 Report a problem
3/7/2024	Listed for sale	$2,250,000+80%$388/sqft
Source: NWMLS as distributed by MLS GRID #2206896 Report a problem
1/27/2017	Sold	$1,250,000$216/sqft
Source: NWMLS as distributed by MLS GRID #1052045 Report a problem