3208 Rainier Ave S - Apartments FOR SALE


Seattle, WA 98144- Mt Baker
$3,495,000 USD
425-586-5604
3208 Rainier Ave S, Seattle, WA for Sale
$3,495,000 USD
Apartments - FOR SALE
1/5
null | 5.54% Cap Rate

3208 Rainier Ave S
Seattle, WA 98144
Mt Baker


OVERVIEW

Total Units: 2 Commercial Spaces and 12 apartments Parking: 2 spaces Year Built: 2018 Construction Type: Wood frame Property SF: 13,708 (KC records) / 15,117 Owner Records Lot Size: 7,523 (KC records) KC Parcel # 128230-0260 Zoning SM-NR 95 (M) 3 blocks away from Mt. Baker light rail station Close to I-5, I-90, downtown Seattle and the First Hill Medical Community Spacious apartments with modern finishes Value-add opportunity with vacant retail units and under-market apartment rents Price $3,495,000 (Price/SF: $231) CAP Rate: 5.54% actual / 8.03% proforma

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$231 USD /SF

# OF UNITS

12

PRICE/UNIT

$291,250

CAP RATE

5.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southern Rice Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2018

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,523 SF

ZONING

SM-NR 95 (M)

APN/PARCEL ID

128230-0260

ASK ABOUT THIS PROPERTY

Billy PollNAI Puget Sound PropertiesMore Info
425-586-5604

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Billy PollNAI Puget Sound PropertiesMore Info
425-586-5604

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