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11211 Woodinville Dr

5 Unit Block of Flats £1,604,023 (£320,805/Unit) 4.01% Net Initial Yield Bothell, WA 98011

Investment Highlights

  • Large 2 Bedrooms
  • First Time On Market In 25+ Years
  • A+ Location
  • Ability To Raise Rents To Market

Executive Summary

The Bothell 5 boasts an exceptional location, nestled adjacent to the scenic Sammamish River and just minutes from the University of Washington Bothell Campus. Constructed in 1994, this desirable property features spacious two-bedroom units, each equipped with its own washer and dryer. Now available for the first time in over twenty-five years, the Bothell 5 presents a unique opportunity. Bothell itself is a vibrant community with a population of around 50,000 residents.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,604,023
Price Per Unit £320,805
Sale Type Investment
Net Initial Yield 4.01%
Gross Rent Multiplier 18.55
No. Units 5
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.34 AC
Building Size 5,100 SF
Average Occupancy 95%
Number of Floors 2
Year Built 1994
Parking Ratio 2.16/1,000 SF

Unit Amenities

  • Air Conditioning

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 4 £1,330 975
2+1.5 1 £1,369 1,200

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
082605-9075
Land Assessment
£347,251
Improvements Assessment
£761,480
Total Assessment
£1,108,732
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023

zoning

Zoning Code R2800, OP (Residential 2,800 sf/unit, Office Professional)
R2800, OP (Residential 2,800 sf/unit, Office Professional)
  • Listing ID: 32658487

  • Date on Market: 01/08/2024

  • Last Updated:

  • Address: 11211 Woodinville Dr, Bothell, WA 98011

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