1146 N 91st St - Apartments FOR SALE


Seattle, WA 98103
$2,495,000 USD
206-812-9119
1146 N 91st St, Seattle, WA for Sale
$2,495,000 USD
Apartments - FOR SALE
1/25
null | 5.63% Cap Rate

1146 N 91st St
Seattle, WA 98103


HIGHLIGHTS

  • Built in 1986 and renovated in 2010
  • Current 5.6% Cap Rate with professional management included
  • Upside in rental income in current condition
  • Excellent central location, close to everything and quick access to major freeways and public transportation
  • In-unit washer/dryers and common laundry

OVERVIEW

Paragon Real Estate Advisors is pleased to exclusively offer for sale the Villa Maria Apartments; a tastefully renovated 11-unit property located just north of Green Lake. Built in 1986, the Villa Maria Apartments reside on a 7,250 SqFt lot that is located just steps away from the newly built Robert Eagle Staff Middle School and Cascadia Elementary School. Within walking distance or a short drive, residents can get to North Seattle College, Northgate Station and Green Lake with an abundance of surrounding amenities and recreational opportunities. This balance of nearby schools, parks and amenities makes the Villa Maria desirable to families and residents of all ages. Not to mention it is centrally located between Aurora Avenue and I-5, allowing commuters to come and go with ease and get to other parts of the city quickly. The units are large and include a nice mix with 2 – 2Bd/2Bth units that average 1,050 SqFt, 8 – 1Bd/1Bth units that average 702 SqFt, and 1 – Studio that is 400 SqFt. The building underwent a full remodel in 2010, where the previous owner installed a new roof, windows, and common area upgrades in addition to renovating the interior of the units. Inside the units, tenants enjoy newer cabinets, stone countertops, stainless steel appliances, partial laminate hardwood flooring, and walk-in closets. Each unit has its own washer/dryer and private balcony/patio along with 10 off-street parking stalls for the tenant’s convenience. The Villa Maria Apartments offer an investor the opportunity to acquire a renovated and stable property that is easy to maintain in a location that appeals to many types of tenants.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$307 USD /SF

# OF UNITS

11

PRICE/UNIT

$226,818

CAP RATE

5.63%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Villa Maria Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

LR-3 (M)

APN/PARCEL ID

952410-0185

ASK ABOUT THIS PROPERTY

Ryan IlesParagon Real Estate AdvisorsMore Info
206-812-9119

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ryan IlesParagon Real Estate AdvisorsMore Info
206-812-9119

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.