Brighton Townhomes | 1220 N 137th St
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Brighton Townhomes 1220 N 137th St
5 Unit Apartment Building $1,495,000 ($299,000/Unit) Seattle, WA 98133
Investment Highlights
- 4 – large townhouse style 2 bedroom/1.5 bathroom units and 1 – 1 bedroom/1 bathroom unit
- Ability to convert the 1-bedroom into a townhouse style 2-bedroom unit by converting the laundry room back to a bedroom (buyer to verify)
- Replaced ~1/5 of the cedar siding in 2024
- Potential to add washer and dryer’s into the large walk-in pantry area in the units (buyer to verify)
- New roof in August 2024
- 10 off-street parking spots
Executive Summary
Paragon Real Estate Advisors is pleased to present the exclusive listing of the Brighton Townhomes. This property includes four spacious 1,100 square-foot 2-bedroom, 1.5-bathroom townhouse-style units, along with a 1-bedroom, 1-bathroom unit. The units feature LVP flooring, formica countertops, and white appliances, offering an excellent value-add renovation opportunity. Each townhouse unit includes a large walk-in pantry that could accommodate a washer and dryer installation (buyer to verify). Installation would be cost effective through plumbing/draining down the line of units within the crawlspace. Additionally, if washers and dryers are installed, the 1-bedroom unit could potentially be expanded into the adjacent laundry and storage room to create a second bedroom.
Recent capital improvements this year include a new roof ($37,000), completed in August, and selective cedar siding replacement as general maintenance. The property also offers 10 off-street parking spaces, conveniently split between the front and back of the building for tenant use.
Brighton Townhomes is located in the vibrant Haller Lake neighborhood of North Seattle, providing a quiet, suburban atmosphere while still being close to major transportation routes like Highway 99 and I-5. The property is also near recreational areas such as the Interurban Trail and Northacres Park, and just blocks from the Aurora shopping center, which offers a wide variety of retail, grocery, and shopping options.
Recent capital improvements this year include a new roof ($37,000), completed in August, and selective cedar siding replacement as general maintenance. The property also offers 10 off-street parking spaces, conveniently split between the front and back of the building for tenant use.
Brighton Townhomes is located in the vibrant Haller Lake neighborhood of North Seattle, providing a quiet, suburban atmosphere while still being close to major transportation routes like Highway 99 and I-5. The property is also near recreational areas such as the Interurban Trail and Northacres Park, and just blocks from the Aurora shopping center, which offers a wide variety of retail, grocery, and shopping options.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$115,476
|
$21.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,155
|
$0.22
|
| Effective Gross Income |
$114,321
|
$21.65
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$34,048
|
$6.45
|
| Net Operating Income |
$80,273
|
$15.20
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $115,476 |
| Annual Per SF | $21.87 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,155 |
| Annual Per SF | $0.22 |
| Effective Gross Income | |
|---|---|
| Annual | $114,321 |
| Annual Per SF | $21.65 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $34,048 |
| Annual Per SF | $6.45 |
| Net Operating Income | |
|---|---|
| Annual | $80,273 |
| Annual Per SF | $15.20 |
Property Facts
| Price | $1,495,000 | Building Class | C |
| Price Per Unit | $299,000 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 5,040 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 1.98/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,495,000 |
| Price Per Unit | $299,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,040 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.98/1,000 SF |
Unit Amenities
- Washer/Dryer Hookup
- Heating
- Kitchen
- Oven
- Tub/Shower
- Pantry
Site Amenities
- 24 Hour Access
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1.5 | 4 | - | - |
1 of 1
Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 614970-0166 | Improvements Assessment | $757,000 |
| Land Assessment | $506,000 | Total Assessment | $1,263,000 |
PROPERTY TAXES
Parcel Number
614970-0166
Land Assessment
$506,000
Improvements Assessment
$757,000
Total Assessment
$1,263,000
zoning
| Zoning Code | LR2 (M) |
| LR2 (M) |
-
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Brighton Townhomes | 1220 N 137th St
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