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2460 NE Northgate Way
Seattle, WA 98125
The Aloha House Apartments · Multifamily Property For Sale
·
10 Units
Property Facts
| No. Units | 10 | Building Size | 5,800 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1962/2018 |
| Building Class | C | Parking Ratio | 1.37/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | NC3-40 - Midrise commercial zoning | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2018 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | NC3-40 - Midrise commercial zoning |
Amenities
Unit Amenities
- Balcony
- Stainless Steel Appliances
Site Amenities
- Laundry Facilities
- Smoke Free
About 2460 NE NORTHGATE WAY , SEATTLE, WA 98125
Portage Bay Advisors is pleased to exclusively offer for sale The Aloha House, a 10 unit multifamily on NE Northgate Way in the Victory Heights neighborhood of Seattle, Washington. The Aloha House is a two story, 10 unit building that was in 1962, but has just been totally renovated down to the studs and massively updated both inside and out. Upgrades include new double-pane vinyl windows; new plumbing throughout; updated common areas; a brand new 30 year TPO roof (with warranty); updated envelope & common areas; & all new unit interiors have been massively renovated to feature high end finishes including custom acrylic cabinets & quartz countertops in the kitchens and bathrooms; cork floors in the upper units & polished concrete floors in the lower units; & new stainless steel Blomberg appliances throughout. There are common coin-operated laundry facilities located on-site, along with 10 tenant storage lockers in the laundry room available for rent by tenants. The building offers a good mix of units: five large ground floor studios; four 1bd/1ba units, each with individual balconies; & one 2bd/1ba unit with a study, and has 8 off-street parking spots. The Aloha House offers investors an opportunity to acquire a newly renovated, turn key property ideally located to benefit from the Northgate Light Rail Station scheduled to open in 2021 as part of a massive redevelopment of the Northgate Mall property.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | $1,235 | 450 |
| 1+1 | 4 | $1,400 | 650 - 700 |
| 2+1 | 1 | $1,795 | 850 |
Property Taxes
| Parcel Number | 890250-0007 | Improvements Assessment | $887,000 |
| Land Assessment | $840,000 | Total Assessment | $1,727,000 |
Property Taxes
