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11521 26th Avenue Northeast
Seattle, WA 98125
Asking Price
$3.00M
Cap Rate
6.26%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
15 well-maintained units in Northeast Seattle | $206k per Unit <p>Day One Cash Flow: Current operations at Capri offer a 6.26% going-in cap rate and a 4.66% annual cash-on-cash return.</p><p></p><p>Attractive Basis: Offered at $199,667 per unit and $275 per square foot, a new buyer can enter the investment at an attractive basis and capitalize on future rent growth driven by a lack of new supply.</p><p></p><p>Clear Path to Upside: A new investor can benefit from the upgraded building systems and deploy renovation capital toward enhancing the amenity package
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NOI
$80,000
Cap Rate
2.67%
DSCR
0.45
Underwater
Cash-on-Cash
-10.89%
Monthly Payment
$14,817.626
Annual Cash Flow
$-97,811.51
