1732 18th Ave | Seattle, WA 98122
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- LoopNet Team
1732 18th Ave
Seattle, WA 98122
De Luxe Apartments · Multifamily Property For Sale
·
15 Units
INVESTMENT HIGHLIGHTS
- Trophy Asset with Value-Add Opportunity: Well-maintained vintage building with ability to capture significant rental upside through further capital im
- Opportunity to add a 16th unit: Potential to convert the office unit into a studio apartment through renovations and permitting.
- Excellent East Capitol Hill Location (93 Walk Score) - 0.1 miles to Trader Joe’s & 0.25 miles to Safeway. - 0.6 miles to Seattle University. - 0.75 mi
- Significant System Upgrades: Building has copper plumbing, copper electrical and is sprinklered
- Strong Unit mix: Spacious one- and two- bedroom units averaging 692 square feet. Units feature separate living and dining rooms. Large bay windows all
PROPERTY FACTS
| No. Units | 15 | Lot Size | 0.09 AC |
| Property Type | Multifamily | Building Size | 11,118 SF |
| Property Subtype | Apartment | Average Occupancy | 95% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1911 |
| Zoning | L3 | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 11,118 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1911 |
| Zoning | L3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 13 | $1,621 | 669 |
| 2+1 | 2 | $1,875 | 846 |
PROPERTY TAXES
| Parcel Number | 723460-1220 | Improvements Assessment | $2,407,200 |
| Land Assessment | $1,324,800 | Total Assessment | $3,732,000 |
PROPERTY TAXES
Parcel Number
723460-1220
Land Assessment
$1,324,800
Improvements Assessment
$2,407,200
Total Assessment
$3,732,000
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