10551 N Midvale Ave -8999 Seattle WA 98133 MLS #NWM2307921

Listing Provided Courtesy of CENTURY 21 North Homes Realty
Seize this chance to own a 5-unit complex in Seattle’s thriving Northgate neighborhood, offering strong cash flow and growth potential. Featuring four spacious 2-bedrooms/1-bath units & one 1-bedroom/1-bath unit, (total of 5 units) this asset has below-market rents, allowing for significant revenue growth. Interiors were updated in 2019 with waterproof vinyl plank flooring, new countertops & appliances, and a new roof was installed in 2019. Tenant amenities include 10 parking spaces, cover parking garage, and a coin-op laundry inside the premises. Walking distance to transit, minutes from I-5, HWY 99, & restaurants. This property is ideal for investors looking to capitalize on Seattle’s rental market with strong, steady returns. Sold as is.

Property Details

Price:
$1,190,000
MLS #:
NWM2307921
Status:
Active
Beds:
0
Baths:
0
Address:
10551 N Midvale Ave -8999
Type:
Multi Family
Subtype:
Multi-Family
Subdivision:
Northgate
Neighborhood:
705 – Ballard/Greenlake
City:
Seattle
Listed Date:
Nov 7, 2024
State:
WA
Finished Sq Ft:
4,750
Total Sq Ft:
4,750
ZIP:
98133
Lot Size:
490 sqft / 0.01 acres (approx)
Year Built:
1986
Units:
5

Schools

School District:
Seattle

Interior

Cooling
Wall Unit(s)
Flooring
Vinyl Plank, Carpet
Heating
Baseboard

Exterior

Exterior Features
Wood Products
Parking Spots
10
Roof
Composition

Financial

Net Operating Income
$51,220
Tax Year
2024
Taxes
$13,100

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10551 N Midvale Ave -8999
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