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1489 S Columbian Way

Seattle, WA 98144

$799,500

Apartments For Sale  •  2,760 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 2,760 Sq Ft
  • Lot Size 0.13 ac
  • Year Built 1956
  • Cap Rate 4.15 %
  • Zoning LR2
62 Transit Score
63 Walk Score

Description

Walk to Jefferson Park, Light Rail station, restaurants and shopping. Quick access to downtown Seattle, I-90 & I-5 access ramps.

Highlights

Popular Beacon Hill Neighborhood
LR2 zoning - Redevelopment Option
Update units to Increase Rental Income
Or Buy & Hold
Preliminary plans available for 10 or 6 units
Easy access to Downtown Seattle.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $33,168 (2018)
Cap Rate: 4.15 %
Total Expenses: $11,232
Wendy Pedersen 425-232-4266 Cascade Commercial Real Estate
Wendy Pedersen 425-232-4266 Cascade Commercial Real Estate