929 N 98th St $2,995,000

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    929 N 98th St Seattle, WA 98103

    • 0 Beds
    • 0 Baths
    • 10,584 sq.ft.
    • Multi-Family
    Listing# 1501604 | Active
    Days On Market: 103 8 Views
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    Property Details

    Willow Tree Apartments, a 10-unit value-add investment opportunity with development upside in North Seattle. Built in 1984, the Property features an ideal mix of 6 one-bedroom and 4 two-bedroom units, with washers and dryers. RUBS program in-place and parking income. In 2017, Willow Tree’s zoning was adjusted to become a part of the Licton Springs Village, allowing a higher density with no parking restrictions. Prelim architect drawings allow for 13 to 14 additional units.

    • General Features
      • County King
      • County King
      • Lot Dimensions 50x135x50x135
      • Lot Square Footage 6,756
      • Number of Stories 4
      • Number of Units 10
      • Selling Office Commission 2
      • Style 56-10+ Units
      • Year Built 1984
    • Building Features
      • Roof Compostion
      • Exterior Wood
      • Amenities Storage, See Remarks
      • Approx SqFt 10,584
      • Floor Covering Laminate Hardwood, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $14,438
      • Net Operating Income $129,293
      • Gross Scheduled Income $178,305
      • Gross Adjusted Income $169,390
      • Total Expenses $40,097
      • Other Expenses $8,842
      • Insurance Expenses $3,224
      • Expenses $40,097
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 17
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $15,733
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Water Company Seattle
      • Sewer Company Sewer Available
    • Schools
      • School District Seattle
      • Senior High Buyer To Verify
      • Junior High Buyer To Verify
      • Elementary School Buyer To Verify

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    Neighborhood

    98103 (Seattle) Demographics

    33Median Age
    10,650Population Density (per sq. mile)
    80%College Educated
    $84,069 Estimated Median Income
    10,880Estimated Total Home Owners
    12,431Estimated Total Renters
    47% / 53%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    49,364Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $788,000 Median Sales Price
    57 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,995,000
        8/6/2019 3:11:00 PM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.