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10526 & 10528 Greenwood Avenue North
Seattle, WA 98133
Asking Price
Contact for price
Asset Type
Land
Class
Class B
What's Special
Land | 7,200 SqFt | 46 Unit Multifamily Development <p>The Greenwood multifamily development for 46 units is in a prime location in a C1-55 (M) zone with Trader Joe's only one mile away and QFC only half mile away. The site has a strong multifamily submarket demand drivers with high desirable community living. With a massive shortage of housing in the area and quick access to Downtown Seattle, this project is perfectly positioned to meet the high demand for luxury living. This is a rare, high-reward opportunity to enter a top-tier market.</p>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
