Listing Leaders Northwest, Inc
Listed by Listing Leaders Northwest, Inc
$499,000
2717 Galilee Avenue
Details
APN 04213090030000
Property Type Multifamily
Sub Type Apartment Building, Multi Family 5+
Units 6
NOI $54,478
Year Built 1958
Multifamily | 6 Units
Marketing description
This well-maintained six-unit multifamily property has been extensively improved through proactive ownership and ongoing capital investments. Significant upgrades include building-wide ventilation improvements, electrical repairs, plumbing enhancements, water heater replacement, heating system repairs, and common area maintenance. Several units have been renovated following tenant turnover, including interior updates, painting, safety upgrades, and mechanical improvements. Additional investments include the installation of new sump pumps, smoke and carbon monoxide detectors, and various preventative maintenance projects designed to improve long-term reliability and tenant satisfaction. The property has been professionally maintained with a focus on preserving the building's infrastructure while minimizing deferred maintenance. Recent improvements to major building systems help reduce near-term capital expenditure needs and provide confidence for future ownership. With stable occupancy, consistent rental income, and numerous recent upgrades, this property offers investors a turnkey opportunity with strong cash flow potential and long-term value. The combination of recent capital improvements, maintained building systems, and reliable tenancy makes this an attractive addition to any multifamily portfolio.
Listing Contacts
Listing Leaders Northwest, Inc
Listed by Listing Leaders Northwest, Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$54,478.00
$4,539.83/mo
Valuation Metrics
0
DSCR
10.92%
Cap Rate
10.92%
ROI
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