1207 NW 92nd St | Seattle, WA 98117
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- LoopNet Team
1207 NW 92nd St
Seattle, WA 98117
Imperial Crown Manor Apartments · Multifamily Property For Sale
·
44 Units
INVESTMENT HIGHLIGHTS
- Desirable Crown Hill location offers residents a walkable community feel with easy access to Ballard and the major employment hubs of Downtown and SLU
- 31,983-SF corner lot zoned NC2P-55 in an urban village likely allows for the construction of 140+ units potentially without parking (buyer to verify)
- Significant upside opportunity - Potentially achieve ±15% increase to cash flow (mid-5% cap) by raising rents/making basic improvements upon turnover
- 44 units built in 1978, priced at $236K/unit, comprised of 1 and 2-bed apartments, allows for competitively priced & competent professional management
- Ample parking – 47 surface parking spaces; part of the parking lot may allow for additional development (buyer to verify)
- Very walkable walk score of 79 – Steps from Crown Hill Park & within a half-mile radius of multiple grocery stores and 15+ food/drink establishments
PROPERTY FACTS
| No. Units | 44 | Lot Size | 0.73 AC |
| Property Type | Multifamily | Building Size | 35,512 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1978 |
| Building Class | C | Parking Ratio | 1.32/1,000 SF |
| Zoning | NC2P-55 (M) | ||
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 35,512 SF |
| No. Stories | 4 |
| Year Built | 1978 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | NC2P-55 (M) |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Refrigerator
- Oven
- Range
- Tub/Shower
- Deck
- Double Pane Windows
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 25 | $1,254 | 563 |
| 2+1 | 19 | $1,623 | 810 |
PROPERTY TAXES
| Parcel Number | 186240-0360 | Improvements Assessment | $2,947,800 |
| Land Assessment | $5,117,200 | Total Assessment | $8,065,000 |
PROPERTY TAXES
Parcel Number
186240-0360
Land Assessment
$5,117,200
Improvements Assessment
$2,947,800
Total Assessment
$8,065,000
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