2201 S Main St - Apartments FOR SALE


Seattle, WA 98144- Atlantic
$2,500,000 USD
425-444-6501
2201 S Main St, Seattle, WA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/13
null | 5.36% Cap Rate

2201 S Main St
Seattle, WA 98144
Atlantic


HIGHLIGHTS

  • Excellent Central Seattle location – near Downtown and Lake Washington
  • Walker’s Paradise walk score of 94 – near restaurants, coffee shops, parks, and entertainment
  • 12 units – 6 one-beds and 6 two-beds, all with decks and spacious layouts
  • Updated electrical panels and dual-pane windows, 7 parking spaces (6 covered and 1 off-street)
  • Decks and dining areas, and updates to flooring, baths, and kitchens in select units
  • Value-add opportunity – Likely potential for rent upside, as current rents are $2.24 per foot

OVERVIEW

Excellent Central Seattle location – near Downtown and Lake Washington Walker’s Paradise walk score of 94 – near restaurants, coffee shops, parks, and entertainment 12 units – 6 one-beds and 6 two-beds, all with decks and spacious layouts Updated electrical panels and dual-pane windows 7 parking spaces – 6 covered and 1 off-street Decks and dining areas, and updates to flooring, baths, and kitchens in select units Value-add opportunity – Likely potential for rent upside, as current rents are $2.24 per foot Priced at just over $208K per unit and $284 per foot Average unit size of 733 square feet

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

12

PRICE/UNIT

$208,333

CAP RATE

5.36%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hill Town

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1967

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,000 SF

ZONING

NC3-75 (M)

APN/PARCEL ID

364610-0310

ASK ABOUT THIS PROPERTY

Dan SwansonKidder MathewsMore Info
425-444-6501

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Dan SwansonKidder MathewsMore Info
425-444-6501

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