10505 24th Ave NE - Apartments FOR SALE


Seattle, WA 98125- Lake City
$5,000,000 USD
206-499-8191
10505 24th Ave NE, Seattle, WA for Sale
$5,000,000 USD
Apartments - FOR SALE
1/5
null | 6.6% Cap Rate

10505 24th Ave NE
Seattle, WA 98125
Lake City


HIGHLIGHTS

  • Significant Rental Upside
  • Modern Systems
  • First Time on the Market
  • Excellent NE Seattle Location

OVERVIEW

Cascade View presents a compelling opportunity to acquire a well-maintained, 20-unit apartment community located in Seattle’s transforming Northgate neighborhood. On the market for the first time since its development in 1980, the property has been family-owned and operated for over four decades. Featuring large units, modern systems, and significant rent upside, Cascade View is ideally positioned for a value-add investor to capitalize on under-market rents and capitalize on the region’s ongoing growth and infrastructure investments. With strong connectivity, a revitalized neighborhood identity, and increasing demand for updated rental product, this asset offers the rare combination of immediate yield and long-term appreciation.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$278 USD /SF

# OF UNITS

20

PRICE/UNIT

$250,000

CAP RATE

6.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cascade View Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,864 SF

ZONING

L3

APN/PARCEL ID

890200-0060

ASK ABOUT THIS PROPERTY

Jerrid AndersonKidder MathewsMore Info
206-499-8191

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Jerrid AndersonKidder MathewsMore Info
206-499-8191

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