Description
On the market for the first time in 31 years, the Little Brook Apartments is well positioned in Seattles up-and-coming Lake City neighborhood with easy access to the prominent employment centers of Downtown Seattle, South Lake Union, and the Eastside. The property is well maintained and boasts a variety of upgrades including a new roof, dual-pane vinyl windows, and recent renovations to 6 of the 8 units. With an economical price point of $150,000 per unit, or $214 per square foot, and offering a 5.8% cap rate on in-place rent increases, the Little Brook Apartments affords an investor an excellent value.
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0BEDS
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0.21ACRES
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0BATHS
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01/2 BATHS
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5,984SQFT
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$201$/SQFT
School Information
Listing Courtesy of Kidder Mathews: 360-705-2800.Description
On the market for the first time in 31 years, the Little Brook Apartments is well positioned in Seattles up-and-coming Lake City neighborhood with easy access to the prominent employment centers of Downtown Seattle, South Lake Union, and the Eastside. The property is well maintained and boasts a variety of upgrades including a new roof, dual-pane vinyl windows, and recent renovations to 6 of the 8 units. With an economical price point of $150,000 per unit, or $214 per square foot, and offering a 5.8% cap rate on in-place rent increases, the Little Brook Apartments affords an investor an excellent value.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pacific Trail Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-02-08T00:14:05.997. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2023-02-08T00:14:05.997. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.