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840 W Nickerson St
Seattle, WA 98119
Asking Price
$2.79M
Cap Rate
5.59%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Prime Location: Exceptional rental property, only two blocks from Seattle's iconic Green Lake Park <ul><li>Premier Value-Add opportunity</li><li>Direct Views of Lake Washington</li><li>Ship Canal</li><li>Walking Distance to Seattle Pacific</li><li>University</li><li>Access to major bus lines and</li><li>Burke-Gilman Trail</li><li>Dedicated off-Street Parking</li><li>Desirable unit mix</li></ul>
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NOI
$80,000
Cap Rate
2.86%
DSCR
0.48
Underwater
Cash-on-Cash
-10.25%
Monthly Payment
$13,828.135
Annual Cash Flow
$-85,937.62
