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Regis Apartments 1812 E Republican St 27 Unit Apartment Building $5,400,000 ($200,000/Unit) 5.80% Cap Rate Seattle, WA 98112
EXECUTIVE SUMMARY
The Regis Apartment building in Capitol Hill is a nicely renovated and well-maintained building originally built in 1910. It has 27 units comprised of studio and one bedroom homes, and one commercial space. Most of the units have original hardwood floors and high ceilings. All units have gas heat and a gas stove/oven. The common areas have
been recently updated with new light fixtures, paint, carpet, and granite throughout the front lobby.
been recently updated with new light fixtures, paint, carpet, and granite throughout the front lobby.
PROPERTY FACTS
| Price | $5,400,000 | Building Class | C |
| Price Per Unit | $200,000 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 13,638 SF |
| Cap Rate | 5.80% | Average Occupancy | 100% |
| No. Units | 27 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 0.87/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | NC140 | ||
| Price | $5,400,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 13,638 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | NC140 |
AMENITIES
UNIT AMENITIES
- Heating
- Bay Window
- Double Vanities
- Hardwood Floors
- Range
- Walk-In Closets
- Carpet
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 27 | - | 375 - 510 |
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Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 423240-0310 | Improvements Assessment | $3,223,000 |
| Land Assessment | $2,160,000 | Total Assessment | $5,383,000 |
PROPERTY TAXES
Parcel Number
423240-0310
Land Assessment
$2,160,000
Improvements Assessment
$3,223,000
Total Assessment
$5,383,000
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