1512 12th Ave S - Apartments FOR SALE


Seattle, WA 98144- North Beacon Hill
$1,599,000 USD
206-505-9426
1512 12th Ave S, Seattle, WA for Sale
$1,599,000 USD
Apartments - FOR SALE
1/22
null | 5.9% Cap Rate

1512 12th Ave S
Seattle, WA 98144
North Beacon Hill


HIGHLIGHTS

  • 2024 STUDS-DOWN RENOVATION
  • IN-PLACE 6.02% CAP RATE
  • EXCELLENT BASIS PLAY
  • HIGH END INTERIOR FINISHES
  • IN-UNIT WASHER/DRYER
  • PRIME NORTH BEACON LOCATION

OVERVIEW

We are excited to introduce Beacon Hill 7-Unit, a fully renovated, turnkey multifamily property completed in 2024. Located at the norther edge of Beacon Hill, this high-quality asset offers a well-balanced mix of modern residences; • One ADA-compliant 3-bedroom, 1-bath unit with a private secure garage • Two well-appointed 1-bedroom, 1-bath units • Four contemporary Loft SEDU units Each residence is meticulously designed with luxury finishes, including LVP flooring, quartz countertops, stainless steel appliances, and premium kitchen and bathroom fixtures. Residents enjoy in-unit air conditioning, washers and dryers, and expansive windows that maximize natural light, creating an inviting and comfortable living space. Positioned less than two miles from Downtown Seattle, Lumen Field, and T-Mobile Park, the property provides easy access to I-5 and I-90, ensuring seamless connectivity for tenants. With a Transit Score of 85, it caters perfectly to urban professionals and those seeking convenience. Offering strong market demand and immediate income-generating potential, Beacon Hill 7-Unit is a prime opportunity for investors looking to acquire a high-quality, stabilized asset in one of Seattle’s most desirable rental markets.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$466 USD /SF

# OF UNITS

7

PRICE/UNIT

$228,429

CAP RATE

5.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,171 SF

ZONING

LR3 (M)

APN/PARCEL ID

766010-0240

ASK ABOUT THIS PROPERTY

Curran HagstromWestlake Associates, Inc.More Info
206-505-9426

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Curran HagstromWestlake Associates, Inc.More Info
206-505-9426

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