2335 Boylston Ave E - Apartments FOR SALE


Seattle, WA 98102
$11,000,000 USD
206-491-2008
2335 Boylston Ave E, Seattle, WA for Sale
$11,000,000 USD
Apartments - FOR SALE
1/7
null | 6.14% Cap Rate

2335 Boylston Ave E
Seattle, WA 98102


HIGHLIGHTS

  • Highly Coveted Eastlake Submarket: A pivot-point location with easy access to Interstate 5, Highway 99, and Downtown Seattle.
  • Stunning Views: Select units on the top three floors offer breathtaking views of downtown Seattle, Lake Union, and Portage Bay.
  • Eight Floors of Modern Living: Includes a large common area (710 square feet) on street level, an oversized lobby, shared laundry, bike storage
  • Walkable and Bikeable: Scores of 88 and 75, respectively, making it easy to accomplish most errands on foot or by bike.
  • Brand-New Construction: Expected TCO in December 2024, with potential for 100% vacancy at closing.
  • Consistent Rental Demand: Average effective rent in the Lake Union submarket was $2,650 per month in Q2 2024, up 7.8% YoY.

OVERVIEW

Introducing the all-new Regio — a prime investment opportunity nestled at 2335 Boylston Ave E, Seattle, WA 98102. Boasting 71 brand-new units in a pivot-point location, Regio is priced under $155,000 per unit and offers a seamless entry into Seattle's lucrative real estate market. Anticipated to be ready for occupancy within 120 days, the Regio stands out with its contemporary design and configuration to meet the demand for affordable housing in a sought-after Eastlake submarket. From small unit sizes to projected rent levels, this investment promises a low-risk, high-reward scenario. With a plethora of nearby amenities and excellent connectivity to key transit routes, the Regio is a magnet for young professionals seeking modern living spaces. The property's distinctive features, including stunning views and convenient shared common areas, ensure a premium living experience that resonates with the urban lifestyle of Seattle.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$2,183 USD /SF

# OF UNITS

71

PRICE/UNIT

$154,930

CAP RATE

6.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Regio

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,948 SF

ZONING

MR (M1)

APN/PARCEL ID

290220-0756

ASK ABOUT THIS PROPERTY

Chad BlenzBerkadiaMore Info
206-491-2008

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Chad BlenzBerkadiaMore Info
206-491-2008

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