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5816 14th Ave NW
Seattle, WA 98107
Asking Price
$1.79M
Cap Rate
5.1%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 5 Units | $359,000/unit <ul><li>Five unit Ballard apartment building offered at a 5.1% current cap, expanding to a 6.6% renovation cap rate</li><li>All units are 2BD/2BTH at 990 SF, a large unit configuration in comparison to the Ballard multifamily inventory</li><li>The market supports a $2,625 rent target for renovated units which is a $653 per unit lift over current non-renovated units</li><li>Copper plumbing, GE panels, and double pane vinyl windows limit capital investment to purely cosmetic interior renovatio
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NOI
$80,000
Cap Rate
4.46%
DSCR
0.75
Underwater
Cash-on-Cash
-4.93%
Monthly Payment
$8,880.681
Annual Cash Flow
$-26,568.167
