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999 Hiawatha Place South

Seattle, WA 98144

$31,000,000

Apartments For Sale  •  109,615 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 109,615 Sq Ft
  • Lot Size 0.67 ac
  • Building Class B
  • Year Built 2014
  • Cap Rate 4.50 %
  • Zoning NC3-40; Pending NC3-75
74 Transit Score
78 Walk Score

Description

The 999 Hiawatha Apartments are located at 999 Hiawatha Pl S in Seattle. The subject combines 97 apartment units and one commercial office space consisting of three combined live/work units. A new Light Rail station connecting the Eastside (Bellevue, Microsoft) and downtown Seattle, the University of Washington, and the airport will be complete in 2023. The property is strategically located just minutes away from downtown Seattle, and across from a park connecting Seattle to the Eastside by bicycle path over Lake Washington. 999 is close to Interstate 5 (I-5) and Interstate 90 (I-90), the primary north/south and east/west freeways through the Seattle area. 999 Hiawatha has easy access by car, bike and bus to downtown Seattle, hospitals, Bellevue, Capitol Hill, Pioneer Square and the Seattle Waterfront.

Highlights

Access to North, South, Airport and Bellevue by proximity to Interstates. Gourmet kitchens and full size W/D.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $1,394,184 (2019)
Cap Rate: 4.50 %
Total Expenses: $816,676

Amenities

  • 24 Hour Access
  • Courtyard
  • Dishwasher
  • Disposal
  • Microwave
  • Property Manager on Site
  • Security System
  • Storage Space
  • Washer/Dryer
  • Grill
  • Walking/Biking Trails
  • Kitchen
  • High Speed Internet Access
  • Ice Maker
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Views
  • Carpet
  • Wi-Fi
  • Bicycle Storage
  • Car Charging Station
  • Elevator
  • Grill
  • Deck
  • Wheelchair Accessible (Rooms)

Public Transportation

Commuter RailDriveWalkDistance
King Street (Seattle) Station Commuter Rail (Sounder South Line) 4 min - 1.2 mi
AirportDriveWalkDistance
Seattle-Tacoma International Airport 19 min - 14.8 mi

Parking Details

Parking Available: Yes
Reserved: Yes
Spaces Provided: 129
Type: Reserved
Included in Rent: No
Pam Krug, CCIM 206-910-7696 Seavest Realty Inc.
Pam Krug, CCIM 206-910-7696 Seavest Realty Inc.