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1814 E John St
Seattle, WA 98122
Sol Studios · Multifamily Property For Sale
·
27 Units
Investment Highlights
- Fully renovated interiors with quartz countertops and stainless steel appliances.
- Modernized community spaces featuring a sparkling pool and lounge areas.
- Excellent access to Downtown Phoenix, Midtown, and major transportation routes.
- Includes in-unit washer and dryer plus upgraded lighting and fixtures.
- Highly walkable location near Uptown dining, shopping, and entertainment.
- Turnkey investment with strong occupancy and demonstrated rent growth upside.
Executive Summary
Sol Studios offers a rare opportunity to acquire a newly modernized, boutique-style multifamily asset in Phoenix’s thriving Uptown submarket. Built in 1985 and completely repositioned in 2023, this 88-unit community features a mix of thoughtfully designed studio and one-bedroom units with upgraded interiors. Renovations include quartz countertops, stainless steel appliances, in-unit laundry, and sleek contemporary finishes that cater to today’s renter preferences. Residents enjoy a highly walkable location near popular dining, shopping, and employment hubs, with quick connectivity to Downtown Phoenix, Midtown, and major freeways. Community enhancements include a resort-style pool, shaded outdoor lounge, and covered parking, elevating the property’s competitive profile. With strong in-place occupancy, premium finishes, and embedded rent growth potential, Sol Studios provides investors with an urban infill asset geared toward sustaining long-term value in one of the metro’s fastest-growing live-work-play environments.
Property Facts Under Contract
| Price Per Unit | $140,741 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.90% | Building Size | 10,867 SF |
| No. Units | 27 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2018 |
| Apartment Style | Mid-Rise | ||
| Zoning | MR (M1) | ||
| Price Per Unit | $140,741 |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 10,867 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2018 |
| Zoning | MR (M1) |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 27 | - | 233 - 261 |
Property Taxes
| Parcel Number | 278460-0080 | Improvements Assessment | $3,844,400 |
| Land Assessment | $1,911,600 | Total Assessment | $5,756,000 |
Property Taxes
Parcel Number
278460-0080
Land Assessment
$1,911,600
Improvements Assessment
$3,844,400
Total Assessment
$5,756,000
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