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1609 N 46th St
Seattle, WA 98103
Wallingford Arms Apartments · Multifamily Property For Sale
·
14 Units
Investment Highlights
- Rental upside with cosmetic renovations
- Current 4.4% CAP rate and market 4.7% CAP rate
- Upside in miscellaneous income streams
- Trophy asset in the heart of Wallingford
- RUBS system implemented
- 6,400 square foot lot zoned LR2-RC (M)
Property Facts
| No. Units | 14 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 7,769 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1926 |
| Building Class | C | Parking Ratio | 0.64/1,000 SF |
| Zoning | LR2 RC (M) | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,769 SF |
| No. Stories | 3 |
| Year Built | 1926 |
| Parking Ratio | 0.64/1,000 SF |
| Zoning | LR2 RC (M) |
Amenities
Unit Amenities
- Crown Molding
- Hardwood Floors
- Double Pane Windows
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
| 1+1 | 9 | - | - |
Property Taxes
| Parcel Number | 408380-3110 | Improvements Assessment | $1,756,000 |
| Land Assessment | $1,536,000 | Total Assessment | $3,292,000 |
Property Taxes
Parcel Number
408380-3110
Land Assessment
$1,536,000
Improvements Assessment
$1,756,000
Total Assessment
$3,292,000
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