8716 Sand Point Way NE Unit #1-14, Seattle, WA 98115
- $6,500,000
- 11,105
- SqFt
Listing courtesy of Kidder Mathews.
- List Price
- $6,500,000
- Status
- ACTIVE
- MLS#
- 2242346
- Days on Market
- 23
- Style
- 56 - 10+ Units
- Finished SqFt
- 11,105
- Area Total SqFt
- 11105
- Annual Tax Ammount
- 57069
- Lot Size (sq ft)
- 47,260
- Sewer
- Sewer Connected
Property Description
Positioned on the western shore of Lake Washington in the desirable Matthews Beach neighborhood just steps from the Burke-Gilman trail and a short walk from Matthews Beach, Beach Club Cottages is a 14-unit multifamily community comprised of 6 buildings on two adjacent parcels. Boasting lake frontage, direct beach access, boat slips, garage and off-street parking, and fully renovated, luxury units, this property is a high-quality asset that should provide nearly 0% vacancy and will appeal to both apartment and owner-occupant investors.
Additional Information
- List Date
- 2024-05-23 22:32:13
- Community
- Matthews Beach
- Net Operating Income
- $268,561
- Gross Adjusted Income
- $408,373
- Gross Scheduled Income
- $419,671
- Total Monthly Income
- $34,973
- Insurance Expenses
- $10,294
- Water/Sewer/Garbage Expenses
- $18,473
- Gross Rent Multiplier
- 15.5
- Total Expenses
- $139,812
- Cap Rate
- 4.1
- Vacancy Rate
- 2
- Total Number of Units
- 14
- Unit Name
- 8716
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1920
- Waterfront
- Yes
- View
- Lake, Mountain(s), Territorial
- Roof
- Composition, Torch Down
- Site Features
- Deck, Dock, Electric Car Charging, Fenced-Partially
- Other Expenses
- 53976
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- View Ridge
- Middle School
- Eckstein Mid
- High School
- Nathan Hale High
- Total Monthly Income
- $34,973
- Gross Scheduled Income
- $419,671
- Vacancy Rate
- 2
- Gross Adjusted Income
- $408,373
- Tax Year
- 2024
- Insurance Expense
- $10,294
- W/S/G Expenses
- $18,473
- Total Expenses
- $139,812
- Net Operating Income
- $268,561
- Gross Rent Multiplier
- 15.5
- Cap Rate
- 4.1
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