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2318 Yale Avenue East
Seattle, WA 98102
Asking Price
$3.29M
Cap Rate
5.1%
Asset Type
Apartment Building Retail
Class
Class B
What's Special
Eastlake 10 Unit Apartment <ul><li>Value add opportunity with a current 5.1% cap rate and a pro forma renovation cap rate of 6.9% on cost</li><li>Brand new roof installed May 2025 with a transferable warranty</li><li>Strong building systems throughout: new roof, GE electrical panels, electric heat, double pane vinyl windows, and individual in unit hot water tanks</li><li>Seven of ten units upgraded with new luxury vinyl plank (LVP) flooring within the last three years; kitchens and bathrooms remain original, providing
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NOI
$80,000
Cap Rate
2.43%
DSCR
0.41
Underwater
Cash-on-Cash
-11.70%
Monthly Payment
$16,301.862
Annual Cash Flow
$-115,622.346
