1220 N 137th St - Apartments FOR SALE


Seattle, WA 98133
$1,495,000 USD
206-623-8880
1220 N 137th St, Seattle, WA for Sale
$1,495,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

1220 N 137th St
Seattle, WA 98133


HIGHLIGHTS

  • 4 – large townhouse style 2 bedroom/1.5 bathroom units and 1 – 1 bedroom/1 bathroom unit
  • Potential to add washer and dryer’s into the large walk-in pantry area in the units (buyer to verify)
  • Ability to convert the 1-bedroom into a townhouse style 2-bedroom unit by converting the laundry room back to a bedroom (buyer to verify)
  • New roof in August 2024
  • Replaced ~1/5 of the cedar siding in 2024
  • 10 off-street parking spots

OVERVIEW

Paragon Real Estate Advisors is pleased to present the exclusive listing of the Brighton Townhomes. This property includes four spacious 1,100 square-foot 2-bedroom, 1.5-bathroom townhouse-style units, along with a 1-bedroom, 1-bathroom unit. The units feature LVP flooring, formica countertops, and white appliances, offering an excellent value-add renovation opportunity. Each townhouse unit includes a large walk-in pantry that could accommodate a washer and dryer installation (buyer to verify). Installation would be cost effective through plumbing/draining down the line of units within the crawlspace. Additionally, if washers and dryers are installed, the 1-bedroom unit could potentially be expanded into the adjacent laundry and storage room to create a second bedroom. Recent capital improvements this year include a new roof ($37,000), completed in August, and selective cedar siding replacement as general maintenance. The property also offers 10 off-street parking spaces, conveniently split between the front and back of the building for tenant use. Brighton Townhomes is located in the vibrant Haller Lake neighborhood of North Seattle, providing a quiet, suburban atmosphere while still being close to major transportation routes like Highway 99 and I-5. The property is also near recreational areas such as the Interurban Trail and Northacres Park, and just blocks from the Aurora shopping center, which offers a wide variety of retail, grocery, and shopping options.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

5

PRICE/UNIT

$299,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brighton Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,747 SF

ZONING

LR2 (M)

APN/PARCEL ID

614970-0166

ASK ABOUT THIS PROPERTY

Michael UrquhartParagon Real Estate AdvisorsMore Info
206-623-8880

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Michael UrquhartParagon Real Estate AdvisorsMore Info
206-623-8880

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