Skip To Content

    3011 14th Avenue W

    Seattle, WA 98119
    • $1,515,000
    • STATUS: Pending Inspection
    • ON SITE: 63 days
    • ID#: 1758798
    Under Contract
    UPDATED: 23 min ago
    $1,515,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Pilot Ventures Llc.

    Description

    Valley View Apartments is a well-cared for, stabilized asset with upside in one of Seattles most sought-after neighborhoods. Six spacious 600sf, 1b/1b units, updated over the years with new cabinets, quartz countertops, and updated appliances. Common laundry and a private landscaped backyard. Off-street parking and easy commuting. Minimal deferred maintenance and room to increase performance and capture upside through modernizing interiors. Buyers can expect upwards of a 5.15% stabilized cap-rate and a 4.50% stabilized cash-on-cash return without much of the heavy lifting typically required in a value-add purchase.

    Monthly Payment Calculator



    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than M4 Group | Columbia Partners Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-19T17:14:38.323.

    www.m4realestategroup.com/homes/116214363
    Print Image

    3011 14th Avenue W Seattle, WA 98119

    • Price: $1,515,000
    • Status: Pending Inspection
    • Updated: 23 min ago
    • ID#: 1758798
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1960
    Built
    Neighborhood:
    Queen Anne
    County:
    King
    Area:
    Queen Anne/Magnolia
    School District:
    Seattle
    Property Description
    Valley View Apartments is a well-cared for, stabilized asset with upside in one of Seattles most sought-after neighborhoods. Six spacious 600sf, 1b/1b units, updated over the years with new cabinets, quartz countertops, and updated appliances. Common laundry and a private landscaped backyard. Off-street parking and easy commuting. Minimal deferred maintenance and room to increase performance and capture upside through modernizing interiors. Buyers can expect upwards of a 5.15% stabilized cap-rate and a 4.50% stabilized cash-on-cash return without much of the heavy lifting typically required in a value-add purchase.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Products Lot Features CurbsPavedSidewalk Open Parking Spaces 5 Open Parking YN Yes Parking Total 5 Parking Uncovered Spaces 5 Roof Composition Structure Type Multi Family Style Code 55 - 5-9 Units View YN No Waterfront YN No

    Interior Features

    Fireplace YN No Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

    Property Features

    Electric Expense 2500 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 96240 Insurance Expense 2591 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Lot Number 15 Net Operating Income 60922 New Construction YN No Possible Use Residential Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 14652 Tax Year 2020 Total Expenses 33151 Units In Building Total 6 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 2399 Zoning Class Residential Zoning Jurisdiction County

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by M4 Group | Columbia Partners Real Estate and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than M4 Group | Columbia Partners Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-19T17:14:38.323.

     
    https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1758798-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1758798-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1758798-1.jpg
    Logo
    M4 Group | Columbia Partners Real Estate
    24113 N US Highway 101
    Hoodsport WA, 98548
    Listing Courtesy of Pilot Ventures Llc.