215 Boylston Ave E - Apartments FOR SALE


Seattle, WA 98102- Capitol Hill
$4,680,000 USD
510-304-8077
215 Boylston Ave E, Seattle, WA for Sale
$4,680,000 USD
Apartments - FOR SALE
1/10
null | 4.27% Cap Rate

215 Boylston Ave E
Seattle, WA 98102
Capitol Hill


HIGHLIGHTS

  • Prime Turnkey Seattle Investment Opportunity - newer vintage six story apartment community located in Seattle's iconic Capitol Hill.
  • Exempt from State Rent Control – Built in 2016, Capitol Core is exempt from Washington’s rent control regulations.
  • Convenient Tenant Amenities -amenities such as an in-unit washer & dryer, stainless steel appliances, vinyl hardwood flooring, and quartz countertops

OVERVIEW

Capitol Core is an exceptional 17-unit six story apartment community located at 215 Boylston Ave E in Seattle's popular Capitol Hill neighborhood. Situated on a 2,631 square foot parcel of land, the subject property was originally built in 2017 with a Built Green 4 Star certification. Capitol Core features a building area of roughly 5,899 square feet offering tenants modern studio floor plans. Tenants enjoy convenient amenities such as an in-unit washer and dryer, stainless steel appliances, vinyl hardwood flooring, quartz countertops, and private rooftop decks in select units. Capitol Hill is a chic neighborhood just northeast of Downtown Seattle offering a wide array of restaurants, bars, boutiques, breweries, and other lifestyle amenities all within walking distance of the subject property. The neighborhood offers a tight knit atmosphere while being just minutes from the vibrant tourist hotspots in Downtown Seattle. Capitol Core also features close proximity to a multitude of transportation corridors such as Interstate 5, State Route 520, and the Capitol Hill Light Rail Station, offering tenants convenient access to Downtown Seattle, the University of Washington, Bellevue, and other attractive locations. The investment appeal of this asset is driven by Seattle's strong employment fundamentals and low vacancy levels. With a world class location in the heart of Seattle, Capitol Core presents an attractive choice for investors due to its convenient tenant amenities and close proximity to countless high-end shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$4,680,000 USD

PRICE/SF

$523 USD /SF

# OF UNITS

17

PRICE/UNIT

$275,294

CAP RATE

4.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

JaMar Boylston

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2016

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

MR

APN/PARCEL ID

314860-0150

ASK ABOUT THIS PROPERTY

Robert JohnstonLevin JohnstonMore Info
510-304-8077

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Robert JohnstonLevin JohnstonMore Info
510-304-8077

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