8008 Greenwood Ave N - Apartments FOR SALE


Seattle, WA 98103- Greenwood
$2,525,000 USD
206-948-3670
8008 Greenwood Ave N, Seattle, WA for Sale
$2,525,000 USD
Apartments - FOR SALE
1/23
null | 5.62% Cap Rate

8008 Greenwood Ave N
Seattle, WA 98103
Greenwood


HIGHLIGHTS

  • Trophy “classic brick” building with old-world character and craftsmanship
  • Well-maintained and tastefully updated
  • Very low historical vacancy
  • Freshly updated common areas
  • Immediate upside in base rent and other income
  • Excellent Greenwood location

OVERVIEW

The Monterey Apartments feature elegant and timeless architecture that appeals to a broad spectrum of renters seeking character and warmth not found in typical new buildings. There are a total of 13 apartments with a balanced mix of spacious studios and one-bedrooms and a large (1,253 SF), recently renovated two-bedroom plus den floor plan. The units are inviting and comfortable, with tall ceilings, beautiful original hardwood floors, efficient floor plans, charming period details and great natural lighting. Units on the upper floor enjoy wonderful territorial views of Green Lake and Greenwood.

FOR SALE DETAILS

PRICE

$2,525,000 USD

PRICE/SF

$345 USD /SF

# OF UNITS

13

PRICE/UNIT

$194,231

CAP RATE

5.62%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monterey

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

NC2P-55 (M)

APN/PARCEL ID

643050-0075

ASK ABOUT THIS PROPERTY

Ryan IlesParagon Real Estate AdvisorsMore Info
206-948-3670

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Ryan IlesParagon Real Estate AdvisorsMore Info
206-948-3670

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