

Listed by Re/Max Properties Northwest
$1,495,000
1634 W Fargo Avenue W
Details
APN 11304120040000
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Units 6
NOI $67,800
Year Built 1915
Stories 3
Lot Size (SqFt) 5,499
Zoning MULTI
Multifamily | 6 Units
Marketing description
Great opportunity to acquire a clean, stable, fully leased classic 6 Flat. Rents are on the lower side, with a relative in 1 of the remodeled apartments, each has 2BRs + sunroom. Feats include: restored hardwood features and numerous updates including copper plumbing, windows, dishwashers & disposers, circuit breaker electric as well as the common areas. There is a vacant, non-conforming 7th unit 1BR garden-level unit which could add another 10-12K of income annually. Building has been fully tuckpointed, has newer rear porch stairways, an enclosed yard & patio, and 2 rentable garage spaces. Each unit has a lockable storage closet, coin laundry onsite, and a tiled rec area in the bright basement.
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Listed by Re/Max Properties Northwest
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$67,800.00
$5,650.00/mo
Valuation Metrics
0
DSCR
4.54%
Cap Rate
4.54%
ROI
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