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Seattle,WA 98104
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,194 sqft
Price per Sqft $799
Subdivision First Hill
MLS Listing ID 2301687
Style 56 - 10+ Units
Bedrooms 15
Year Built 1907
Annual Tax Amount $37,576
Lot Size 2,880 Sqft
Property Description
Columbia Place, a 23-unit apartment building positioned on First Hill, one of Seattle?s most charming and convenient neighborhoods for residents who work downtown. The opportunity exists for a new investor to acquire a turn-key asset that has undergone extensive interior and exterior rehabilitation in recent years. Current operations yield an average rent of $1,202 per unit, but market rent comparables suggest that rents can be raised to an average of $1,352 per unit upon lease expiration. Market rents can be captured without capital expenditure as the current ownership purchased the property vacant and thoroughly updated the property throughout. Owner financing may be available to qualified buyers.
Location
State WA
County King
Area 390 - Central Seattle
Interior
Flooring Vinyl Plank
Exterior
Exterior Feature Stucco
Waterfront No
View Y/N Yes
View City
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Acceptable Financing Owner Financing
Listing Terms Owner Financing