206-280-1871
901 6th Ave, Seattle, WA for Sale
Apartments - FOR SALE
1/13
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901 6th Ave
Seattle, WA 98104
Downtown Seattle


HIGHLIGHTS

  • Well-maintained Property with significant systems and structural updates completed by current ownership
  • Seller financing available (see financial analysis section in OM for more detail)
  • Easily walkable to Seattle’s core technology employers including Google, Apple, and Amazon
  • Unrivaled access to Seattle’s healthcare industry and centers of higher education
  • Convenient access to major roads and public transit including 2-block drive from nearest I-5 on-ramp
  • Excellent neighborhood demographics support future rent growth

OVERVIEW

JLL, as exclusive advisor, is pleased to present the outstanding opportunity to acquire The Dover, an apartment community located in downtown Seattle’s Central Business District. Built in 1907, The Dover Apartments (the “Property” or “Subject”) is a 59-unit mid-rise apartment community located in the downtown Seattle core and is walkable to a host of the largest employers in the region. The Property consists of thirty studios, sixteen 1-bedroom 1-bathroom units, six 2-bedroom 1-bathroom units, and seven 3-bedroom 1-bathroom units, with the opportunity to add an additional 60th studio unit that is currently an unleased storage area. New ownership stands to benefit from the Property’s proximity to Seattle’s core technology employers, nationally acclaimed healthcare facilities, and centers of higher education. Ideally located along the I-5 corridor just 2 blocks from the nearest on-ramp, the Property offers unrivaled accessibility to the broader Puget Sound region. Residents enjoy the advantages of urban living at The Dover, including access to over 9 million square feet of retail within a one-mile radius. Additionally, current ownership is offering attractive seller financing, providing future owners with accommodating terms (see financial analysis section in OM for more detail).

FOR SALE DETAILS

PRICE

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# OF UNITS

59

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dover Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

DOC1, City/Seattle

APN/PARCEL ID

094200-0460

ASK ABOUT THIS PROPERTY

206-280-1871

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206-280-1871

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