4301 Whitman Ave N - Apartments FOR SALE


Seattle, WA 98103- Fremont
$1,900,000 USD
206-623-8880
4301 Whitman Ave N, Seattle, WA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/17
null | 6.26% Cap Rate

4301 Whitman Ave N
Seattle, WA 98103
Fremont


HIGHLIGHTS

  • Premier Wallingford/Fremont location
  • Well maintained building
  • Open and spacious floor plans
  • Mid-Century Modern design
  • Mature well-manicured landscaping
  • Six on-site parking spaces

OVERVIEW

Wallingford 7, is a charming Mid-Century Modern apartment building built in 1960 and perfectly situated on the border of Wallingford and Fremont. Units feature large open floor plans with abundant natural light flowing into the units. The spacious and comfortable living areas with a separate dining area is perfect for entertaining providing a ‘home environment’ vs an apartment experience. Currently, 6 of the 7 units are being operated as fully furnished short-term rentals. This presents several investment opportunities to a new owner. A new owner can continue to operate the Wallingford 7 as short term housing or transition the units to leased apartments. Currently as the short-term rental units are vacating, the owner is leaving the units vacant further supporting either investment option.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$363 USD /SF

# OF UNITS

7

PRICE/UNIT

$271,429

CAP RATE

6.26%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wallingford 7

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,262 SF

ZONING

L1, Seattle

APN/PARCEL ID

569450-0990

ASK ABOUT THIS PROPERTY

Cathy JeneyParagon Real Estate AdvisorsMore Info
206-623-8880

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Cathy JeneyParagon Real Estate AdvisorsMore Info
206-623-8880

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