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2325 10th Ave E

Seattle, WA 98102

$6,450,000

Apartments For Sale  •  13,700 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 13,700 Sq Ft
  • Lot Size 0.18 ac
  • Building Class C
  • Year Built 1929
  • Cap Rate 3.97 %
  • Zoning LR3
56 Transit Score
72 Walk Score

Description

Paragon Real Estate Advisors is proud to exclusively list for sale the Stanford Arms Apartments, located in the highly desirable Montlake neighborhood just bordering the Capitol Hill neighborhood of Seattle, Washington. The property is perfectly positioned on 10th Ave East amongst distinguished single family homes directly above the Eastlake neighborhood offering residents a perfect balance of a charming residential setting with the perks of ease of access to SLU, Downtown and the heart of Capitol Hill.  The Stanford Arms offer investors an array of opportunities including purchasing and managing the building as is, purchasing and stabilizing rents at market and a value add opportunity of updating the units to today standards and increasing rents accordingly.

Highlights

Classic 1929 brick building
A + Location in a vibrant urban neighborhood
Well maintained
Great mix of 1 and 2 bedrooms units
Double pane windows
Views from upper units

Property Flyers

Financial Summary (Actual)

Net Operating Income: $255,911 (2018)
Cap Rate: 3.97 %

Amenities

  • Controlled Access
  • Laundry Facilities
  • Eat-in Kitchen
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Range

Public Transportation

Commuter RailDriveWalkDistance
King Street (Seattle) Station Commuter Rail (Sounder South Line) 7 min - 4.3 mi
AirportDriveWalkDistance
Seattle-Tacoma International Airport 19 min - 16.4 mi

Parking Details

Parking Available: No
Reserved: No
Type: TwoCarGarage
Included in Rent: Yes
Cathy Jeney 206-623-8880 Paragon Real Estate Advisors
Cathy Jeney 206-623-8880 Paragon Real Estate Advisors