4456 Whitman Ave N - Apartments FOR SALE


Seattle, WA 98103- Fremont
$1,790,000 USD
425-444-6501
4456 Whitman Ave N, Seattle, WA for Sale
$1,790,000 USD
Apartments - FOR SALE
1/33
null | 5.26% Cap Rate

4456 Whitman Ave N
Seattle, WA 98103
Fremont


HIGHLIGHTS

  • Excellent Wallingford location near Downtown Fremont and the University of Washington
  • 93 walk score per Walkscore.com – blocks to coffee shops, restaurants, grocers, and bars
  • Sought-after unit mix of 1, 2 + Den, and 3-bedroom units averaging 844 SF
  • Units feature decks / patios, ample closet spaces, and dining areas
  • Turnkey property with upside in rents and other income
  • Roof replaced in last ±4 years, updated dual-pane vinyl windows, exterior freshly painted, ITE electrical panels, copper plumbing supply lines

OVERVIEW

Whitman Apartments boasts a highly desirable unit mix of three 1-bed units, a 2-bedroom unit with a den, and a 3-bedroom/2-bathroom apartment, all averaging ±844 square feet. Residents enjoy decks or patios, ample closet space, dining areas, and five tandem parking spaces, of which four are covered, and which provide combined space for 10 vehicles. It is a turnkey property featuring a newer roof (±4 years old), updated dual-pane vinyl windows, and a freshly painted exterior. Its original systems include ITE electrical panels and copper plumbing supply lines, which can indicate a high-quality build in 1967. Residents enjoy a Walker’s Paradise walk score of 93. Profitable as is, but there remains a likely opportunity for ±10% income upside.

FOR SALE DETAILS

PRICE

$1,790,000 USD

PRICE/SF

$343 USD /SF

# OF UNITS

5

PRICE/UNIT

$358,000

CAP RATE

5.26%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whitman Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1967

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

LR2 (M), Seattle

APN/PARCEL ID

569450-1325

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 Policy.