137 23rd Ave E - Apartments FOR SALE


Seattle, WA 98112- Stevens
$1,995,000 USD
206-384-7965
137 23rd Ave E, Seattle, WA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/33
null | 6.61% Cap Rate

137 23rd Ave E
Seattle, WA 98112
Stevens


HIGHLIGHTS

  • Fully Permitted and Approved Redevelopment Site
  • Permits have been PAID for and ready to transfer to new owner
  • Views from upper three levels

OVERVIEW

Hoge & Davitte Realty Group is proud to present 137 Studios. This is a prime SHOVEL READY development opportunity in Seattle’s vibrant Capitol Hill neighborhood. Permits for a 31 unit Small Efficiency Dwelling Unit (SEDU) apartment building have been APPROVED and PAID for by the seller. This project is ready for its new owner to break ground on immediately with significant upside once the project is complete. Currently, there is a vacant single family home on the property. There are striking mountain, lake, and territorial views from the second story of the existing home, so a buyer can expect views in all directions from the three upper levels of the proposed building. The property is situated in an ideal Capitol Hill location on a corner lot, steps from Miller Park, very close to Pike/Pine, mass transit, Downtown Seattle, and everything Capitol Hill has to offer. Full plan set, permits, and supporting documents available upon request.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

31

PRICE/UNIT

$64,355

CAP RATE

6.61%

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

137 Studios

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,200 SF

ZONING

LR3

APN/PARCEL ID

095500-0470

ASK ABOUT THIS PROPERTY

Max HogeKeller Williams Greater SeattleMore Info
206-384-7965

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Max HogeKeller Williams Greater SeattleMore Info
206-384-7965

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