List Search

5034 Fauntleroy Way SW

Seattle, WA 98136

$2,375,000

Apartments For Sale  •  5,424 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 5,424 Sq Ft
  • Lot Size 0.13 ac
  • Building Class B
  • Year Built 1989
  • Cap Rate 4.77 %
  • Zoning LDT, Seattle
53 Transit Score
78 Walk Score

Description

The Sound Breeze Apartments offers an investor the opportunity to acquire a turn-key, modern apartment building in one of the city’s most popular and fastest growing neighborhoods. With large, contemporary floor-plans, complete appliance packages, and modern building mechanical systems and technology the Sound Breeze functions perfectly in the present form or could be renovated and repositioned to give it a contemporary feel with potential for even greater income. Additionally, the new owner can charge for parking to further increase revenue.

Highlights

Turn Key investment opportunity
Large 2Bd/2Bth units
Secure garage parking with 7 stalls
Private balconies or patios
Secure entry with intercom system
1989 construction with copper plumbing and modern systems

Property Flyers

Financial Summary (Actual)

Net Operating Income: $113,265 (2017)
Cap Rate: 4.77 %

Amenities

  • Balcony
  • Fireplace
  • Laundry Facilities

Public Transportation

Commuter RailDriveWalkDistance
King Street (Seattle) Station Commuter Rail (Sounder South Line) 11 min - 5.0 mi
AirportDriveWalkDistance
Seattle-Tacoma International Airport 18 min - 14.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 7
Type: Covered
Included in Rent: No
Peter Wright 206-812-9136 Paragon Real Estate Advisors
Peter Wright 206-812-9136 Paragon Real Estate Advisors