Test Property
4526 S Henderson Street Seattle WA 98118
Property Type Multi-family
Price $1,100000
Status Active
Property Highlights:
- Operational value-add play. NOI grows from $58,979 to $73,386 through lease turnover and a utility recapture program, with no renovation capital required.
- Current cap rate of 6.0% - Proforma cap rate - 7.4%
- Utility recapture upside of approximately $944 per month ($11,328 annually) is unrealized today and represents the largest single line of income growth.
- Priced at $157,143 per unit and $252 per square foot.
Map single
