1815 13th Ave S - Apartments FOR SALE


Seattle, WA 98144
$5,700,000 USD
206-773-2695
1815 13th Ave S, Seattle, WA for Sale
$5,700,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

1815 13th Ave S
Seattle, WA 98144


HIGHLIGHTS

  • True turn-key asset featuring a desirable unit mix of two studios, thirteen 1-bedrooms, and seven 2-bedrooms.
  • Close proximity to keyemployment hubs, local amenities,& outdoor recreation.
  • Current below market rents provide future rental upside, with the added opportunityof a possibleoffice to unit conversion.
  • Well-maintained pride of ownership buildings, provides future investors with current cashflow and peace of mind for key building systems and in unit s

OVERVIEW

The Lee & Associates Northwest | Multifamily Team is pleased to present the exclusive listing of Beacon Crest, a 22-unit apartment building featuring completely renovated units. Situated in Seattle’s Beacon Hill Neighborhood, residents enjoy seamless access local employment drivers, vibrant local retail, abundant dining, and other amenities. Well maintained and thoughtfully upgraded, this property has undergone significant improvements over recent years. Featuring a unit mix of studio, one, and two-bedroom units and an average unit size of 560 SF, renovations include the replacement of all wiring and plumbing throughout the units, as well as complete kitchen and bathroom remodels, ensuring modern comfort and functionality for residents. Positioned within the ever growing and primely positioned Beacon Hill submarket, this 22-unit asset presents a compelling investment opportunity for buyers. Whether you choose to continue operating the property as is, capitalize on current below-market rents to increase cash flow, or explore more long- term possibilities, the potential for success is abundant in this coveted location.

FOR SALE DETAILS

PRICE

$5,700,000 USD

PRICE/SF

$470 USD /SF

# OF UNITS

22

PRICE/UNIT

$259,091

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beacon Hill Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1911

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

LR3, Seattle

APN/PARCEL ID

388190-0190

ASK ABOUT THIS PROPERTY

Chris LarsenLee & Associates Commercial Real Estate ServicesMore Info
206-773-2695

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Chris LarsenLee & Associates Commercial Real Estate ServicesMore Info
206-773-2695

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