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1418 2nd Ave W
Seattle, WA 98119
1418 on the Hill · Multifamily Property For Sale
·
12 Units
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.26 AC |
| Property Type | Multifamily | Building Size | 11,190 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1948 |
| Building Class | C | Parking Ratio | 0.89/1,000 SF |
| Zoning | MR | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 11,190 SF |
| No. Stories | 3 |
| Year Built | 1948 |
| Parking Ratio | 0.89/1,000 SF |
| Zoning | MR |
ABOUT 1418 2ND AVE W , SEATTLE, WA 98119
CALL FOR OFFERS: Monday, November 4, 2019. 1418 on the Hill offers perfectly finished units for an investor who is looking to purchase a meticulously maintained asset with the ability to push value through the addition of units. This apartment complex provides all the necessary amenities to retain and make tenants feel at home in your apartment units. This building features a good mix of 2 x 1 and 1 x 1 units with remodeled kitchens and beautifully maintained real hardwood floors throughout the building. Queen Anne Hill has been a longtime hotbed for investors looking for core-plus assets with a proven history of rental growth. This neighborhood is highly attractive to renters due to it's residential feel, but also it's access to employers and transit. With median housing prices exceeding $700,000, renting is the only option for many residents who wish to live in the area. It is no wonder why the highest rental rates outside of the core can be found at the top of Queen Anne Hill.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $1,726 | 1,050 |
| 1+1 | 6 | $1,895 | 800 |
PROPERTY TAXES
| Parcel Number | 173180-1239 | Improvements Assessment | $159,200 |
| Land Assessment | $3,916,800 | Total Assessment | $4,076,000 |
PROPERTY TAXES
