425-260-4260
705 S Weller St, Seattle, WA for Sale
Apartments - FOR SALE
1/9
null | Request Cap Rate

705 S Weller St
Seattle, WA 98104
Chinatown


HIGHLIGHTS

  • Built in 2006, six-story elevator-served building w/ structured parking.
  • Stabilized in-place cash flow on a well-maintained classic asset.
  • Clear and immediately achievable mark-to-market upside
  • Optional light interior renovation upside with attractive yield-on-cost economics.
  • Transit-rich infill location two blocks from the new East Link light rail extension & regional transit hub.
  • Recent CapEx includes roof overlay and elevator modernization.

OVERVIEW

705 Lofts is a well-stabilized 40-unit, multifamily property with a single ground-floor commercial tenant, located at 705 South Weller Street in Seattle's International District submarket.

FOR SALE DETAILS

PRICE

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# OF UNITS

40

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

705 Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2006

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

IDM7585

APN/PARCEL ID

524780-2570

ASK ABOUT THIS PROPERTY

Dan FosterORION Commercial PartnersMore Info
425-260-4260

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Dan FosterORION Commercial PartnersMore Info
425-260-4260

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