Apartments For Sale • 7,525 SF
| Excellent corner-lot Capitol Hill location - blocks to the Harvard-Belmont Landmark District, and walking distance to Downtown, SLU, parks, and retail |
| Turnkey opportunity with stable occupancy and a 5.4% cap rate and 11.5 GRM |
| Walker’s Paradise Walk Score of 90 - incredible walking access to an abundance of restaurants, shops, grocery stores, parks, light rail, and buses |
| Upside potential - likely opportunity to raise rents to market levels and increase charges for parking /utility bill-backs to achieve a 5.8% cap rate |
| Parking spaces for 6 vehicles |
| Excellent unit mix featuring five 2-bed/1-bath units, five 1-bed/1-bath units, and one studio unit - average square footage of 684 |
| Cap Rate: | 5.36 % |
| Total Expenses: | $92,435 USD |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) | 7 min | - | 2.5 mi |
| Transit/Subway | Drive | Walk | Distance |
| Capitol Hill (Lynnwood - Angle Lake - Sound Transit) | 2 min | 10 min | 0.6 mi |
| Broadway And Denny (First Hill Streetcar - City of Seattle) | 2 min | 12 min | 0.6 mi |
| Fairview & Campus Drive (South Lake Union Streetcar - Seattle Streetcar) | 4 min | 17 min | 0.9 mi |
| Lake Union Park (South Lake Union Streetcar - Seattle Streetcar) | 4 min | 20 min | 1.1 mi |
| Terry & Mercer (South Lake Union Streetcar - Seattle Streetcar) | 4 min | 20 min | 1.1 mi |
| Airport | Drive | Walk | Distance |
| Seattle-Tacoma International | 25 min | - | 15.7 mi |
| Seattle Paine Field International | 34 min | - | 23.5 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 6 |
| Type: | Surface |
| Included in Rent: | Yes |