2365 14th Ave W - Apartments FOR SALE


Seattle, WA 98119
$1,995,000 USD
206-773-2695
2365 14th Ave W, Seattle, WA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/16
null | 5.23% Cap Rate

2365 14th Ave W
Seattle, WA 98119


HIGHLIGHTS

  • Score with Proximity: A tee shot away from Interbay Par 3 golf course & driving range, key employment hubs, and popular local amenities.
  • Well-maintained & fully renovated asset, offering strong in place income and ease of ownership.
  • Current rents, in combination with a desirable unit sizes totaling 4,306 SF are just a couple supporting factors for the property's strong rental hist
  • Providing future investors an opportunity to own a true centrally located asset with strong tenant demand for years to come.

OVERVIEW

Lee & Associates NW Multifamily Team is pleased to present the exclusive listing of the Back Nine Apartments, an eight-unit apartment building in West Queen Anne. Centrally positioned between Ballard, Fremont, South Lake Union and Downtown Seattle, Back Nine offers its residents convenient proximity to local amenities and major employers such as Meta, Google, Expedia, and others. The property features an attractive unit mix consisting of all walk-up style one-bedroom apartments with separate entrances and featuring a spacious average size of 538 sf. The building also offers its tenants a shared back yard space, incorporating a patio and barbecue area. Units 1, 2, 3, 4, 6, and 7 have undergone significant interior updates, including the removal of outdated cabinetry, flooring, hardware, and plumbing lines, as well as the installation of new luxury vinyl plank (LVP) flooring, soundproofing, and modernized kitchen and bathroom fixtures. Unit 8 has been completely remodeled with new framing, electrical panel, PEX plumbing, and upgraded HVAC systems, ensuring it meets the highest standards for tenant comfort. Back Nine Apartments makes an excellent investment for investors who are looking to secure a prime location and enjoy ease of ownership with a proven strong tenant base and the luxury of modern systems and amenities in one Seattle’s most centrally located neighborhoods.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$463 USD /SF

# OF UNITS

8

PRICE/UNIT

$249,375

CAP RATE

5.23%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Back Nine Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LR1 (M)

APN/PARCEL ID

277060-4265

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.