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2250 Bonair Place SW
Seattle, WA 98116
Asking Price
$3.10M
Cap Rate
5.03%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 5.03% CAP | 10 Units <ul><li>LOW MINIMUM COMPLEXITY — 10 units, 3-story walk-up, no commercial space, no elevator. Operationally simple from day one.</li><li>100% OCCUPIED WITH A STABLE TENANT BASE — no immediate stabilization risk. Cash flows from closing while you execute the renovation plan on turnover.</li><li>$200,000 RENOVATION BUDGET at $20,000/unit generates $44,790/year in additional rent — yielding a 22.4% return on cost.</li><li>ALKI WATERFRONT LOCATION IS IMPOSSIBLE TO REPLICATE at any construction c
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NOI
$80,000
Cap Rate
2.58%
DSCR
0.43
Underwater
Cash-on-Cash
-11.19%
Monthly Payment
$15,337.109
Annual Cash Flow
$-104,045.303
