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910 95th St
Seattle, WA 98103
Northtown Flats · Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- First Time on Market
- Controlled Entry Building
- In-Unit Washer/Dryers
- High-Quality 90's Construction
- New Stainless Appliances
- Low Maintenance Design
EXECUTIVE SUMMARY
Northtown Flats is an impressive 10-unit apartment building, featuring a desirable unit mix of (6) two-bedroom, two-bath units, and (4) generously sized one-bedroom units. Each unit offers ample space and modern amenities, including in-unit washer and dryers and modern appliance packages. Notably, all units boast covered decks or private patios, creating a comfortable living experience and promoting long term tenancies.
The exterior of the building has been thoughtfully refreshed with a new coat of paint and attractive Hardie Plank siding, enhancing the curb appeal. Inside recent renovations to most of the units include the installation of new luxury vinyl plank (LVP) flooring in the living rooms and kitchens, along with electric forced air heaters that provide optimal comfort. The updated kitchens are equipped with stainless steel appliances, new cabinetry, and elegant quartz countertops. The bathrooms have received a makeover with fresh flooring, quartz counters and stylish vanities. All but two units have a fresh coat of paint, updated laminate flooring, and attractive new lighting fixtures making this a true turn-key property.
Constructed in 1997, this building exudes a sense of luxury, similar to that of high-end condominium or townhomes. It offers secure parking, with 14 convenient parking spots that have controlled access to the interior common area. Additionally, large tenant storage closets present an opportunity for additional revenue. The building’s exterior has also been updated with energy-efficient thermopane windows, and a newer TPO roof, ensuring long-term sustainability. Internally, the systems are modern and reliable, featuring copper plumbing, fire sprinklers, and an intercom security access system for convenience and safety. The beautifully landscaped grounds showcase mature trees and shrubs, enhancing the overall appeal and welcoming atmosphere of the property. Northtown Flats offers an investor a rare opportunity to acquire a turn-key property ideally situated in the desirable Greenwood neighborhood.
The exterior of the building has been thoughtfully refreshed with a new coat of paint and attractive Hardie Plank siding, enhancing the curb appeal. Inside recent renovations to most of the units include the installation of new luxury vinyl plank (LVP) flooring in the living rooms and kitchens, along with electric forced air heaters that provide optimal comfort. The updated kitchens are equipped with stainless steel appliances, new cabinetry, and elegant quartz countertops. The bathrooms have received a makeover with fresh flooring, quartz counters and stylish vanities. All but two units have a fresh coat of paint, updated laminate flooring, and attractive new lighting fixtures making this a true turn-key property.
Constructed in 1997, this building exudes a sense of luxury, similar to that of high-end condominium or townhomes. It offers secure parking, with 14 convenient parking spots that have controlled access to the interior common area. Additionally, large tenant storage closets present an opportunity for additional revenue. The building’s exterior has also been updated with energy-efficient thermopane windows, and a newer TPO roof, ensuring long-term sustainability. Internally, the systems are modern and reliable, featuring copper plumbing, fire sprinklers, and an intercom security access system for convenience and safety. The beautifully landscaped grounds showcase mature trees and shrubs, enhancing the overall appeal and welcoming atmosphere of the property. Northtown Flats offers an investor a rare opportunity to acquire a turn-key property ideally situated in the desirable Greenwood neighborhood.
PROPERTY FACTS
| Price Per Unit | $300,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.69% | Building Size | 7,581 SF |
| Gross Rent Multiplier | 12.41 | No. Stories | 3 |
| No. Units | 10 | Year Built | 1997 |
| Property Type | Multifamily | Parking Ratio | 1.85/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LR3 | ||
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 5.69% |
| Gross Rent Multiplier | 12.41 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 7,581 SF |
| No. Stories | 3 |
| Year Built | 1997 |
| Parking Ratio | 1.85/1,000 SF |
| Zoning | LR3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 650 |
| 2+1 | 6 | - | 850 |
PROPERTY TAXES
| Parcel Number | 026300-0363 | Improvements Assessment | $1,002,500 |
| Land Assessment | $1,255,500 | Total Assessment | $2,258,000 |
PROPERTY TAXES
Parcel Number
026300-0363
Land Assessment
$1,255,500
Improvements Assessment
$1,002,500
Total Assessment
$2,258,000
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