Tyler Smith - Commercial Real Estate Showcase

Tyler Smith Property Listings
Westlake Associates, Inc.
1200 Westlake Ave N
Suite 310
Seattle, WA 98109-3543

3939 15th Avenue S - Fresco Apartments

Seattle, WA 98108 - Mid-Beacon Hill MF Submarket

Property Type:Multi-Family Number of Units:20 Status:Existing Year Built:1959
Stories:2 Building Size:15,059 SF Land Area:.4 AC (17,511 SF)
For Sale Price:$4,895,000 Price/Unit:$244,750.00 Cap Rate:5.22 % GRM:-

Parking:1.06 Parking Spaces / 1,000 SF

Property Description: 20-UNIT APARTMENT BUILDING

Sale Notes:
The offering provides an opportunity to acquire a beautiful turnkey, practically newly constructed asset less than 7 minutes from downtown Seattle and directly across the street from renowned Jefferson park. The interiors of the units offer tenants state of the art finishes, as all of the units have been updated with new kitchens, including cabinets and quartz counters, stainless steel appliances, bathrooms - including tile surrounds, the addition of in-unit laundry, new modern flooring, fixtures and all new mill work. In addition to the interior upgrades the building has been updated with new electrical panels, new plumbing, hot water tanks, heating, landscaping, structural upgrades, security access, new roof and windows.

The building consists of 16 one bed / one bath units, and 4 two bed / one bath units, with the ground floor units having large private patios. This is a chance to own a building with irreplaceable mid-century charm combined with finishes and systems of a brand new building.

Westlake Associates, Inc.
Tyler Smith
(206) 505-9425

Steve Fischer
(206) 505-9435

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