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8008 Greenwood Ave N
Seattle, WA 98103 Greenwood

$2,875,000 USD

Apartments For Sale • 7,310 SF

Property Details

Property Type Apartments
Total Building Size 7,310 SF
Lot Size 0.1 AC
Building Class C
Year Built 1929
Cap Rate 4.76 %
Zoning NC2P-55 (M)

53 Transit Score

95 Walk Score

                
                    Highlights
                
                                Seller financing offered: 45%+/- down payment, 5% interest-only payments for 3 years
                            
                                13 units: (6) large studios, (6) one-bedrooms and (1) 1,250 sqft two-bedroom + den
                            
                                Trophy “classic brick” building with old-world character and craftsmanship
                            
                                Well-maintained and tastefully updated building with very low historical vacancy
                            
                                Apartments 1 and 3 have been renovated with new flooring, cabinetry, quartz counters and fixtures
                            
                                Views of Green Lake and surrounding territory from upper floor units

Property Flyers

8008 Greenwood Ave N - RPI

Financial Summary (Actual)

Net Operating Income: $136,791 USD (2024)

Cap Rate:	4.76 %
Total Expenses:	$89,898 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	15 min	-	8.3 mi
Airport	Drive	Walk	Distance
Seattle Paine Field International	31 min	-	19.2 mi
Seattle-Tacoma International	34 min	-	21.5 mi

Ryan Iles 206-948-3670 Paragon Real Estate Advisors

8008 Greenwood Ave N Seattle, WA 98103 Greenwood