11060 16th Ave SW | Seattle, WA 98146
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- LoopNet Team
11060 16th Ave SW
Seattle, WA 98146
DubSea Apartments Built in 2015 · Multifamily Property For Sale
·
42 Units
INVESTMENT HIGHLIGHTS
- Current in-place cap rate of 5.5%, with a market cap rate of 6.2%
- White Center and the South King County market held steady with a 6% vacancy rate, the lowest in the Puget Sound submarket for the last two quarters of
- Washington State, newly constructed apartment buildings are exempt from the recent rent control laws for the first 12 years
- Less than two miles from the shores of the Puget Sound and eight miles southwest of Downtown Seattle,
- Built in 2015 this likely ensures low insurance rates, as well as minimal maintenance and repair costs
- Priced Under Assessed Value!
PROPERTY FACTS
| No. Units | 42 | Building Size | 33,600 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2015 |
| Building Class | B | Parking Ratio | 1.61/1,000 SF |
| Lot Size | 0.87 AC | ||
| Zoning | R48 | ||
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.87 AC |
| Building Size | 33,600 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2015 |
| Parking Ratio | 1.61/1,000 SF |
| Zoning | R48 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Grill
- Island Kitchen
- Smoke Free
- Wheelchair Accessible (Rooms)
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fitness Center
- Picnic Area
- Playground
- Grill
- Smoke Free
- Storage Space
- Bicycle Storage
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 9 | $1,233 | 314 |
| 1+1 | 6 | $1,459 | 664 - 672 |
| 2+2 | 21 | $1,815 | 870 - 919 |
| 1+2 | 1 | $1,538 | 804 |
| 3+2 | 3 | $2,202 | 1,091 |
PROPERTY TAXES
| Parcel Number | 345100-0475 | Improvements Assessment | $9,847,700 |
| Land Assessment | $1,326,300 | Total Assessment | $11,174,000 |
PROPERTY TAXES
Parcel Number
345100-0475
Land Assessment
$1,326,300
Improvements Assessment
$9,847,700
Total Assessment
$11,174,000
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