14332 32nd Ave NE | Seattle, WA 98125
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- LoopNet Team
14332 32nd Ave NE
Seattle, WA 98125
Little Brook Apartments · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Located in the up-and-coming Lake City neighborhood with easy access to the major employment hubs of Downtown Seattle, South Lake Union, the Eastside
- Upside potential – Rents can be increased to market rates upon renewals and turnovers
- Desirable features & upgrades including new pitched composition roof (2020), updated dual-pane vinyl windows, recently painted trim and exterior doors
- Affordably priced at $150,000 per unit with a 5.8% cap rate on in-place rent increases
- Land bank – 9,225 square foot, MR (M) zoned parcel can be redeveloped now or in the future
- Recent renovations to 6 of the 8 units – Updated wood-look flooring, new paint, newer white appliances, upgraded lighting, recently replaced sinks
Property Facts
| No. Units | 8 | Building Size | 5,984 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.84/1,000 SF |
| Lot Size | 0.21 AC | ||
| Zoning | MR (M) | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 5,984 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.84/1,000 SF |
| Zoning | MR (M) |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Double Pane Windows
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,075 | 550 |
| 2+1 | 4 | $1,250 | 850 |
Property Taxes
| Parcel Number | 766370-0303 | Improvements Assessment | $256,800 |
| Land Assessment | $1,199,200 | Total Assessment | $1,456,000 |
Property Taxes
Parcel Number
766370-0303
Land Assessment
$1,199,200
Improvements Assessment
$256,800
Total Assessment
$1,456,000
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