4700 S 35th Ave - Apartments FOR SALE


Seattle, WA 98118- Columbia City
$4,650,000 USD
206-442-2764
4700 S 35th Ave, Seattle, WA for Sale
$4,650,000 USD
Apartments - FOR SALE
1/6
null | 5.38% Cap Rate

4700 S 35th Ave
Seattle, WA 98118
Columbia City


HIGHLIGHTS

  • Prime Columbia City Location
  • Turn-Key Operation
  • 4 Garages; 8 Open Spaces
  • Ideal Covered Land Play
  • Attractive Assumable Debt
  • Private Decks for Select Units

OVERVIEW

CBRE proudly presents Columbia Green Apartments. Columbia Green is a charming 15-unit residential community sitting on 13,200 sq. ft. of prime future development opportunity. The property offers a mix of spacious one and two-bedroom units, features modern finishes like: wood flooring, quartz countertops, deep stainless kitchen sinks, updated bathrooms, and all-new plumbing and lighting fixtures. Built in 1958, the complex was renovated in 2015 and presents opportunities for both turn-key and value-add investors. For value-add investors, current ownership has proven a meaningful rental premium for adding Washers and Dryers to the units. Thirteen units remain for the next owner to take advantage of and capture the rental premium over the course of their ownership.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$334 USD /SF

# OF UNITS

15

PRICE/UNIT

$310,000

CAP RATE

5.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Columbia Green Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,200 SF

ZONING

LR2

APN/PARCEL ID

170340-0410

ASK ABOUT THIS PROPERTY

206-442-2764

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206-442-2764

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