3046 NE 143rd St - Apartments FOR SALE


Seattle, WA 98125- Lake City
$1,350,000 USD
206-826-5700
3046 NE 143rd St, Seattle, WA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/1
null | 6.54% Cap Rate

3046 NE 143rd St
Seattle, WA 98125
Lake City


OVERVIEW

Located in the Lake City neighborhood of Seattle, the Lake City 4 is a quadraplex built in 1966. The building consists of four two-bedroom, one bath units ranging from 795 SF to 875 SF. The property was extensively renovated. Unit amenities include a hardwood floors, tile in bathrooms, a fenced yard with patio for ground level units, newer appliances including oven, range, microwave and a refrigerator. There is a laundry facility on site and four off-street parking spaces. The Lake City 4 boast a Walk Score of 74, Very Walkable, and a Bike Score of 77, Very Bikeable. In addition residents are a 20 minute bus ride from Downtown and the University of Washington via bus routes 522 and 372E respectively. Grocery Outlet, Fred Meyer Grocery, and Safeway are all within a mile of the property. The Burke-Gilman Trail, Seattle’ s premier running and bike path is just over a mile to the east. Olympic Hills Elementary, John Rogers Elementary, Jane Adams Middle School, and Nathan Hale High School are all located within a mile of the Lake City 4. Several restaurants and bars are also within walking distance including the Elliot Bay Brewing Company. Seattle is ranked as the 5th fastest growing major city in the United States. It is home to dozens of major corporations including six Fortune 500 Companies: Amazon, Starbucks, Nordstrom, Weyerhaeuser, Expeditors International, and Alaska Airlines. The headquarters for four additional Fortune 500 companies are located in neighboring suburbs: Costco, Microsoft, Paccar, and Expedia. The Lake City 4 offers an investor an opportunity to acquire a well maintained asset with rental upside in one of Seattle’s emerging neighborhoods.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$404 USD /SF

# OF UNITS

4

PRICE/UNIT

$337,500

CAP RATE

6.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake City Four

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

LR3 (M)

APN/PARCEL ID

766370-0375

ASK ABOUT THIS PROPERTY

Rich DayMarcus and MillichapMore Info
206-826-5700

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Rich DayMarcus and MillichapMore Info
206-826-5700

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