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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
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

  • Listing ID: 28826510

  • Date on Market: 6/22/2023

  • Last Updated:

  • Address: 1207 NW 92nd St, Seattle, WA 98117