940 N 103rd St
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940 N 103rd St
8 Unit Block of Flats £1,260,066 (£157,508/Unit) 4.09% Net Initial Yield Seattle, WA 98133
Investment Highlights
- Excellent location close to all services!
- Laundry room on site, clean and bright!
- Well maintained building with long term ownership!
Executive Summary
Here is your opportunity to expand your investment portfolio with a well qualified asset that has Seven (7), 2br 1 bath units and One (1), 1 br 1 bath unit with a separate laundry room. (8 units) Multiple units have been updated on turn over. The building has been well maintained by the long term owner. Many updates have been made to the property over the years. The property is a 6.0% cap rate with all 2 br units at $1,500.00 and the One bedroom at $970.00 with 30% expenses. All rents need to be raised with several LONG term tenants with very very low rents. Nice lot 80 x 95 for future development. Excellent property!
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 | £1,260,066 | Apartment Style | Low Rise |
| Price Per Unit | £157,508 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Net Initial Yield | 4.09% | Building Size | 6,000 SF |
| Gross Rent Multiplier | 14.69 | Average Occupancy | 100% |
| No. Units | 8 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1966/1992 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Price | £1,260,066 |
| Price Per Unit | £157,508 |
| Sale Type | Investment |
| Net Initial Yield | 4.09% |
| Gross Rent Multiplier | 14.69 |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 6,000 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1966/1992 |
| Parking Ratio | 2/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Double Pane Windows
- Handrails
Site Amenities
- Fenced Lot
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 1 | £766.31 | - |
| 2+1 | 7 | £1,185 | - |
1 of 1
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 614560-0635 | Total Assessment | £1,375,407 |
| Land Assessment | £850,288 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £525,120 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
614560-0635
Land Assessment
£850,288
Improvements Assessment
£525,120
Total Assessment
£1,375,407
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | LR2 (M) (MULTI FAMILY) |
| LR2 (M) (MULTI FAMILY) |
-
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940 N 103rd St
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