$2,190,000
The Aloha House
Listing Type: For Sale
Property Type: Multi-Family
Status: Available
CBA ID#: 678607
2460 NE Northgate Way
Seattle, WA 98125

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Commercial Property

Marketing Description:

This boutique 10 unit apartment checks all the boxes with its ideal location, mid-mod vibes, ample parking & strong cash flow. Fully stabilized with updated units, market rents & excellent professional management! Offered at a true 6.2% Cap Rate! A good unit mix of 2 beds, 1 beds, studios plus easy access to Northgate & Lake City Way attract solid commuter tenants. All units were remodeled to the studs with sleek new kitchens, baths, SS appliances, tile backsplash & pops of chic Hawaiian themed touches. Recent CapX includes new windows, 30 year TPO roof & updated plumbing throughout. Coin Op laundry provides additional income. In a world of bland & drab apartment buildings-be an Aloha House... don't miss this unique turnkey investment!

Land Features:

  • Lot Size: 8000 SqFt
  • Lot Acreage: 0.18 Acres
  • Zoning: NC3-40(M)
  • Covered Parking: 2

Building Features:

  • Building Size: 5800 SqFt
  • Number of Floors: 2
  • Cap Rate: 6.19%
  • Construction: Wood
  • Year Built: 1962
This Listing Supplied Courtesy of Keller Williams- Seattle Metro
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
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