12748 Greenwood Ave N - Apartments FOR SALE


Seattle, WA 98133
$3,800,000 USD
206-442-2713
12748 Greenwood Ave N, Seattle, WA for Sale
$3,800,000 USD
Apartments - FOR SALE
1/24
null | 5.86% Cap Rate

12748 Greenwood Ave N
Seattle, WA 98133


HIGHLIGHTS

  • All units remodeled with new cabinets, hardware, quartz counter tops, vanities & tub surrounds
  • Immediate management upside through improving operations
  • 1:1 on-site parking ratio, large decks, storage lockers and elevator access
  • Easy access to Greenwood, Shoreline & Northgate
  • Corner lot in desirable North Seattle neighborhood
  • Walking distance to Bitter Lake Playfield and public lake access

OVERVIEW

CBRE proudly presents the Wallace Manor in Broadview. This 18-unit apartment community is prominently located on the corner of North 130th Street and Greenwood Ave North. Built in 1966, the property consists of twelve 1-bedroom and six 2-bedroom units, with an average unit size of 737 square feet. All units have been remodeled in recent years, featuring new wood cabinets with updated hardware, hard surface countertops, stainless steel appliances, updated vanities, and new tub surrounds. The building offers secure access entry for residents, on-site laundry, storage lockers, and a surface parking lot with 18 spaces. Broadview is a commuter-friendly location with multiple transportation options. Greenwood Ave provides convenient access to several bus lines just outside the front door. Regardless of the direction they're headed, workers can reach their place of employment in a reasonable amount of time, whether they rely on cars or public transportation. Bitter Lake Playfield, located approximately five blocks away, offers lake access, play fields, tennis courts, and pickle ball courts. Just half a mile east of the property, residents will find numerous retail options, dining establishments, and gyms. Northgate Station, providing light rail access, is approximately 2.5 miles away from the property. Additionally, Carkeek Beach Park is only a mile and a half away, offering residents the opportunity to enjoy the outdoors and scenic views.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$208 USD /SF

# OF UNITS

18

PRICE/UNIT

$211,111

CAP RATE

5.86%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wallace Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,797 SF

ZONING

LR3 (M)

APN/PARCEL ID

291620-0005

ASK ABOUT THIS PROPERTY

Reed HunterCBREMore Info
206-442-2713

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Reed HunterCBREMore Info
206-442-2713

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