9043 35th Ave SW - Apartments FOR SALE


Seattle, WA 98126
$2,995,000 USD
206-774-5436
9043 35th Ave SW, Seattle, WA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/10
null | 5.67% Cap Rate

9043 35th Ave SW
Seattle, WA 98126


OVERVIEW

Foundation Group is pleased to exclusively offer for sale the Rogene Apartments, a fully renovated 13-unit building in West Seattle. The property provides an opportunity to buy a covered land play while cash flowing with a fully stabilized asset. Rogene has near term upside of adding a studio unit in the maintenance room and continuing to push rental rates as this part of West Seattle continues to transform. This is apparent by the development of the 44-unit Westwood Apartments that was built across the street. With the Rogene sitting on 13,216 feet NC2P-55 zoned land the future is limitless for this site.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$322 USD /SF

# OF UNITS

13

PRICE/UNIT

$230,385

CAP RATE

5.67%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rogene Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,216 SF

ZONING

NC2P-55

APN/PARCEL ID

249120-0880

ASK ABOUT THIS PROPERTY

Aaron LockeThe Foundation GroupMore Info
206-774-5436

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Aaron LockeThe Foundation GroupMore Info
206-774-5436

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