3046 SW Avalon Way - Apartments FOR SALE


Seattle, WA 98126- Fairmount Park
$2,450,000 USD
206-948-3670
3046 SW Avalon Way, Seattle, WA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/12
null | 5.54% Cap Rate

3046 SW Avalon Way
Seattle, WA 98126
Fairmount Park


HIGHLIGHTS

  • Great West Seattle Location
  • Turnkey, fully stabilized asset
  • Major exterior and interior renovations
  • All 1 bedroom units with W/D
  • Off-street parking with 9 stalls
  • future redevelopment potential

OVERVIEW

Turnkey 9 Unit apartment building, well located at the gateway to West Seattle. This vibrant area offers excellent access to all the distinctive and exciting features of West Seattle, while remaining just a short distance from Downtown Seattle and other city attractions. All 1BD/1BTH units with W/D and a private patio or balcony. Unit updates include new flooring, cabinets, quartz counters, stainless steel appliances and fixtures. Exterior updates include new exterior paint, windows/sliders, frosted balcony panels, landscaping, signage, secure cluster mailbox. Excellent opportunity to purchase a fully stabilized asset with income upside and future redevelopment potential in a highly sought-after Seattle neighborhood.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$474 USD /SF

# OF UNITS

9

PRICE/UNIT

$272,222

CAP RATE

5.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West 9 Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1978

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

MR, Seattle

APN/PARCEL ID

929730-0875

ASK ABOUT THIS PROPERTY

Ryan IlesParagon Real Estate AdvisorsMore Info
206-948-3670

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Ryan IlesParagon Real Estate AdvisorsMore Info
206-948-3670

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