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855 W Nickerson St
Seattle, WA 98119
Asking Price
$3.15M
Cap Rate
5.04%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
10 Stabilized Units in Queen Anne <ul><li><strong>A+ Seattle Location: </strong>Situated between Queen Anne, Ballard, and Fremont with direct access to South Lake Union, Downtown Seattle, and a bus stop at the front door.</li><li><strong>100% Occupied, Zero Delinquency: </strong>Fully stabilized with no delinquency and no immediate CapEx requirements; day-one cash flow with minimal execution risk.</li><li><strong>Well-Sized Unit Mix: </strong>Nine units averaging 738 SF across a mix of one-bedroom and two-bedroom floor plans,
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NOI
$80,000
Cap Rate
2.54%
DSCR
0.43
Underwater
Cash-on-Cash
-11.32%
Monthly Payment
$15,584.481
Annual Cash Flow
$-107,013.776
