212-216 Alaskan Way S - Apartments FOR SALE
Seattle, WA 98104 |
212-216 Alaskan Way S
Seattle, WA 98104
HIGHLIGHTS
- Excellent opportunity to purchase a rare historic Pioneer Square property along the newly revitalized Seattle waterfront
- 2023 maximum allowable rents increased 8.84% in the Seattle-Bellevue, WA HUD Metro FMR Area
- Operational upside through loss-to-lease reduction of $108,112
- Attractive price per unit of $87,500, well below replacement cost and recent sales
- Property is offered free and clear of current financing. Multiple years of interest-only financing is available
- Final year of LIHTC Restrictions is 2044
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
The OK Hotel Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
42534
STORIES
5
YEAR BUILT
1914
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
524780-0090
