2142 Alki Ave SW
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2142 Alki Ave SW
5 Unit Apartment Building $2,195,000 ($439,000/Unit) 4.23% Cap Rate Seattle, WA 98116
Investment Highlights
- Located on the promenade at Alki Beach
- Located at the corner of Bonaire and Alki Ave SW with unobstructed views of Puget Sound and the Olympics. Easy rentals, very low maintenance and great
- Gorgeous Sunsets and marine life
Executive Summary
Located at the corner of Bonaire and Alki Ave SW with unobstructed views of Puget Sound and the Olympics. Easy rentals, very low maintenance and great long term tenants. Washer/Dryers in 4 of the units, 2 attached garages, additional off street parking and prime location. Several upgrades have just recently been completed. Do not bother tenants. Units shown with written offer.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,195,000 | Apartment Style | Low Rise |
| Price Per Unit | $439,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 4.23% | Building Size | 4,516 SF |
| Gross Rent Multiplier | 17.5 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 1.33/1,000 SF |
| Price | $2,195,000 |
| Price Per Unit | $439,000 |
| Sale Type | Investment |
| Cap Rate | 4.23% |
| Gross Rent Multiplier | 17.5 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,516 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1.33/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,600 | 650 - 855 |
| 1+2 | 1 | $1,700 | 775 |
| 2+1 | 1 | $2,700 | 1,028 |
| 2+2 | 1 | $2,370 | 1,077 |
PROPERTY TAXES
| Parcel Number | 091300-0070 | Total Assessment | $1,675,000 |
| Land Assessment | $832,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $842,200 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
091300-0070
Land Assessment
$832,800
Improvements Assessment
$842,200
Total Assessment
$1,675,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | LR3 |
| LR3 |
Learn More About Investing in Apartment Buildings
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
2142 Alki Ave SW
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.