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19837 25th Ave NE 4 Unit Apartment Building $1,758,413 CAD ($439,603 CAD/Unit) 4.97% Cap Rate Shoreline, WA 98155
Executive Summary
The Foundation Group is pleased to present the Shoreline 4-unit Apartments. Located in the desirable Ballinger neighborhood of Shoreline, 19837 25th Ave NE offers residents a quiet residential setting with outstanding access to employment centers, shopping, recreation, and transportation. Positioned just minutes from Interstate 5, the property provides an easy commute to Downtown Seattle, Bellevue, Lynnwood, and the greater Eastside. This well maintained 4 unit is ready for the next owner to capitalize on modernizing the units through a value add plan.
Property Facts
| Price | $1,758,413 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $439,603 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.97% | Building Size | 3,500 SF |
| Gross Rent Multiplier | 15.09 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Parking Ratio | 2.29/1,000 SF |
| Zoning | RM1.8, Shoreline | ||
| Price | $1,758,413 CAD |
| Price Per Unit | $439,603 CAD |
| Sale Type | Investment |
| Cap Rate | 4.97% |
| Gross Rent Multiplier | 15.09 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 2.29/1,000 SF |
| Zoning | RM1.8, Shoreline |
Amenities
Unit Amenities
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 900 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 042604-9052 | Improvements Assessment | $856,699 CAD |
| Land Assessment | $461,407 CAD | Total Assessment | $1,318,106 CAD |
Property Taxes
Parcel Number
042604-9052
Land Assessment
$461,407 CAD
Improvements Assessment
$856,699 CAD
Total Assessment
$1,318,106 CAD
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19837 25th Ave NE
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