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100 6th Ave S
Seattle, WA 98104
100 on 6th · Multifamily Property For Sale
·
45 Units
Investment Highlights
- Premium Location: 98 neighborhood walk score
- Employment Drivers: Amazon employs 50k in Seattle
- Life Science Hub: 25k nearby job in Bio and Life Science
- Housing Affordability: Living at 100 on 6th provides a $5,930 discount compared to owning a home based on the average home price.
Executive Summary
Berkadia Seattle Investment Sales is pleased to announce it has been retained as the exclusive listing broker for 100 on 6th in Seattle, WA. 100 on 6th offers investors the chance to acquire a high-quality asset, with the majority of renovations already completed. These premium renovations provide a turnkey asset for investors looking to provide an affordable, high-quality renting alternative in downtown Seattle. Situated in a prime location, the property boasts easy walkability to shops, restaurants, and coffee shops, along with access to the diverse options that downtown Seattle has to offer. It is also surrounded by top employers in the Seattle MSA, anchored by Amazon and the tech sector, and includes a thriving life sciences industry. The property offers a significant discount compared to homeownership, with rents at 100 on 6th providing nearly $6,000 in monthly savings compared to the average owner-occupied home. This makes the property a more affordable alternative to owning, and a cost-effective option among the luxury Class A rental properties in the area. Located in one of Seattle's most dynamic neighborhoods, 100 on 6th is well-positioned to meet high demand. Its prime location and completed renovations make it a valuable addition to any investment portfolio seeking growth. The property offers premium living without the premium cost typically associated with downtown Seattle, making it an appealing choice for both residents and investors.
Property Facts
| Sale Type | Investment | Lot Size | 0.17 AC |
| No. Units | 45 | Building Size | 19,091 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1903 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | IDR150, Seattle | ||
| Sale Type | Investment |
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 19,091 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1903 |
| Opportunity Zone |
Yes |
| Zoning | IDR150, Seattle |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Washer/Dryer
- Heating
- Tile Floors
- Hardwood Floors
- High Speed Internet Access
- Stainless Steel Appliances
- Tub/Shower
- Views
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Recycling
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 23 | - | 382 - 470 |
| 1+1 | 22 | - | 371 - 588 |
Property Taxes
| Parcel Number | 524780-2050 | Improvements Assessment | $4,294,000 |
| Land Assessment | $2,700,000 | Total Assessment | $6,994,000 |
Property Taxes
Parcel Number
524780-2050
Land Assessment
$2,700,000
Improvements Assessment
$4,294,000
Total Assessment
$6,994,000
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100 on 6th | 100 6th Ave S