4210 woodland park ave n marketing...
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Units: 4
Built: 1968
Net Rentable (Sq. Ft.): 3,460
Construction: Wood Frame
Laundry: Common Area
Heating: Radiant
Lot (Sq. Ft.): 4,002
Zoning: SF 5000
The information and calculations presented are deemed to be accurate, but not guaranteed and we are not responsible for their correctness.
4210 Woodland Park Seattle, WA 98103 Location & Opportunity
Christopher LaBarge 206.696.8980
Price: $925,000
Current CAP Rate: 4.71%
Market CAP Rate: 6.70%
Price per Unit: $231,250
Price Per NRSF: $267
Current GRM: 16.08
Market GRM: 12.05
4210 Woodland Park Seattle, WA 98103 Offering Summary
Christopher LaBarge 206.696.8980
4210 Woodland Park Seattle, WA 98103 Offering Summary
Christopher LaBarge 206.696.8980
Current Rent
Unit Unit Type Current Rent Sq. ft. Rent / Sqft
1 1 Bed / 1 Bath $1,100 665 $1.65
1 1 Bed / 1 Bath $895 665 $1.35
1 2 Bed / 1 Bath $1,200 880 $1.36
1 3 Bed / 2 Bath $1,500 1250 $1.20
Laundry $100
Utility Bill Back $0
Total Monthly Income $4,795 Avg. $1.36
Financials
Current Unit / Year Market Unit / Year
Gross Scheduled Income $57,540 $14,385 $76,740 $19,185
Property Taxes $6,393 $1,598 $6,968 $1,742
Insurance $1,100 $275 $1,100 $275
Water, Sewer, Garbage & Electrical $4,308 $1,077 $4,308 $1,077
Maintenance & Repairs $2,150 $538 $2,400 $600
Total Expenses $13,951 $3,488 $14,776 $3,694
Net Operating Income $43,589 $61,964
The information and calculations presented are deemed to be accurate, but not guaranteed and we are not responsible for their correctness.
4210 Woodland Park Seattle, WA 98103 Income & Expenses
Christopher LaBarge 206.696.8980
Market Rent
Unit Unit Type Market Rent
1 1 Bed / 1 Bath $1,100
1 1 Bed / 1 Bath $1,100
1 2 Bed / 1 Bath $1,600
1 3 Bed / 2 Bath $2,000
Parking/Storage $180
Laundry $175
Utility Bill Back $240
Total Monthly Income $6,395
• This well maintained, 4 unit apartment building was built in 1968. Located in Wallingford, a neighborhood in north central Seattle, just north of Lake Union, minutes from downtown Seattle.
• Public spaces include Gas Works Park, Meridian Playground, and Wallingford playfield. Gas Works Park on Lake Union borders the Burke-Gilman Trail and provides a panoramic extension into Lake Union.
• Businesses, eateries, fine dining, and specialty shops have become abundant in this desirable neighborhood; this Wallingford four unit is located just steps from it all.
• This property consists of a great unit mix. Providing; two one bedroom one bathroom units, one two bedroom one bath unit, and one three bedroom two bath units. All units have decks/patios. It has been well maintained by a long term owner.
• There is significant upside for a new owner to implement utility bill backs and raise rents. Three of the four leases are month to month. This building is idea for an owner occupy.
• This is a highly sought after neighborhood for renters. The current owner just rented the one bedroom unit for $1,100 per month as is. It took 72hrs to fill the unit with the new tenant.
The information and calculations presented are deemed to be accurate, but not guaranteed and we are not responsible for their correctness.
4210 Woodland Park Seattle, WA 98103 Investment Highlights
Christopher LaBarge 206.696.8980