1729 12th Ave | Seattle, WA 98122
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- LoopNet Team
1729 12th Ave
Seattle, WA 98122
Roosevelt Apartments · Multifamily Property For Sale
·
50 Units
INVESTMENT HIGHLIGHTS
- Exceptional Capitol Hill location blocks from Downtown Seattle, the Pine/Pike corridor, the light rail transit system, and Cal Anderson Park
- 50 units at an affordable $242,000-per-unit price, or $465 per square foot
- Vintage charm and curb appeal – 1920s brick veneer building with wide interior hallways, well-maintained units, and classic prohibition era character
- Walker's Paradise walk score of 99 – Remarkable walking access to an abundance of restaurants, shops, entertainment, employment, and transit
- Land bank – The 19,360-SF, NC3-75' (M1)-zoned lot features a 5.5 FAR (Floor Area Ratio) and could likely support a 100+ unit development with retail
- Well maintained property with a new roof, recent tuck pointing, new hall carpeting, and PVC piping for the cold-water lines
PROPERTY FACTS
| No. Units | 50 | Building Size | 25,994 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1925 |
| Building Class | C | Parking Ratio | 1.08/1,000 SF |
| Lot Size | 0.45 AC | ||
| Zoning | NC3-75 (M1) | ||
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 25,994 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1925 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | NC3-75 (M1) |
AMENITIES
UNIT AMENITIES
- Storage Space
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Views
- Walk-In Closets
- Carpet
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Vintage Building
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 44 | $1,304 | 496 |
| 1+1 | 5 | $1,447 | 611 |
| 2+1 | 1 | $2,195 | 1,100 |
PROPERTY TAXES
| Parcel Number | 600350-0665 | Improvements Assessment | $473,000 |
| Land Assessment | $10,164,000 | Total Assessment | $10,637,000 |
PROPERTY TAXES
Parcel Number
600350-0665
Land Assessment
$10,164,000
Improvements Assessment
$473,000
Total Assessment
$10,637,000
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