936 N 198th ST, Shoreline, WA 98133
936 N 198th ST, Shoreline, WA 98133
936 N 198th ST, Shoreline, WA 98133
936 N 198th ST, Shoreline, WA 98133
936 N 198th ST, Shoreline, WA 98133
936 N 198th ST, Shoreline, WA 98133
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Jenn Pederson

Jenn Pederson

+1(808) 205-3000
Listed by:Westlake Associates, Inc. • David W Petersen
$ 2,700,000
Est. payment | /mo

24 Beds

12 Baths

8,400 SqFt

Save
$ 2,700,000
Est. payment | /mo
Save

24 Beds

12 Baths

8,400 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,400 sqft

Price per Sqft $321

Subdivision Shoreline

MLS Listing ID 2573588

Style 56 - 10+ Units

Bedrooms 24

Year Built 1962

Annual Tax Amount $29,755

Lot Size 0.408 Acres

Property Sub-Type Multi Family

Property Description

The Encore Apartments offers a new investor a great value add opportunity in a landlord friendly city. A new investor over time can also renovate units upon turnover and modernize each unit with stainless steel appliances, granite/quartz counters, new cabinets etc. In current condition, a new investor can raise rents and get this building to a 7.18% CAP Rate. Excellent value-add opportunity. All 12 units are Two-Bed/One-Bath units averaging about 700 square feet each. Ample open parking available on site that has been re-paved and re-striped. Building has updated electrical panels and a newer TPO roof. Coin-operated common laundry available. Conveniently located in Shoreline, property has easy access to Rapid Ride Transit, Highway 99, Interstate-5, and the 185th Street Light Rail Station.

Location

State WA

County King

Area 715 - Richmond Beach/Shoreline

Interior

Fireplace false

Exterior

Exterior Feature Wood

View Y/N No

Roof Type Flat,See Remarks

Building

Sewer Sewer Connected

New Construction No

Schools

School District Shoreline

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Locations
Jenn Pederson

Experience the power of collaboration with Jenn and her Team of highly successful experienced professionals who focus obsessively on the details of your unique needs, process, transactional excellence, and exceeding expectations. With an exceptional reputation, you can expect to inherit decades of resources, connections, and industry/market knowledge required to confidently and successfully execute all your real estate needs.

+1(808) 205-3000

[email protected]

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936 N 198th ST