2142 Alki Ave SW
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2142 Alki Ave SW
5 Unit Block of Flats £1,717,478 (£343,496/Unit) 4.23% Net Initial Yield Seattle, WA 98116
Investment Highlights
- Located on the promenade at Alki Beach
- Located at the corner of Bonaire and Alki Ave SW with unobstructed views of Puget Sound and the Olympics. Easy rentals, very low maintenance and great
- Gorgeous Sunsets and marine life
Executive Summary
Located at the corner of Bonaire and Alki Ave SW with unobstructed views of Puget Sound and the Olympics. Easy rentals, very low maintenance and great long term tenants. Washer/Dryers in 4 of the units, 2 attached garages, additional off street parking and prime location. Several upgrades have just recently been completed. Do not bother tenants. Units shown with written offer.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | £1,717,478 | Apartment Style | Low Rise |
| Price Per Unit | £343,496 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Net Initial Yield | 4.23% | Building Size | 4,516 SF |
| Gross Rent Multiplier | 17.5 | Average Occupancy | 100% |
| No. Units | 5 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 1.33/1,000 SF |
| Price | £1,717,478 |
| Price Per Unit | £343,496 |
| Sale Type | Investment |
| Net Initial Yield | 4.23% |
| Gross Rent Multiplier | 17.5 |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,516 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1948 |
| Parking Ratio | 1.33/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 2 | £1,252 | 650 - 855 |
| 1+2 | 1 | £1,330 | 775 |
| 2+1 | 1 | £2,113 | 1,028 |
| 2+2 | 1 | £1,854 | 1,077 |
PROPERTY TAXES
| Parcel Number | 091300-0070 | Total Assessment | £1,310,604 |
| Land Assessment | £651,624 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £658,979 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
091300-0070
Land Assessment
£651,624
Improvements Assessment
£658,979
Total Assessment
£1,310,604
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | LR3 |
| LR3 |
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2142 Alki Ave SW
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