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201 NE 40th St
Seattle, WA 98105
University Arms Apartments · Multifamily Property For Sale
·
21 Units
PROPERTY FACTS
| No. Units | 21 | Lot Size | 0.28 AC |
| Property Type | Multifamily | Building Size | 14,169 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1957 |
| Building Class | C | Parking Ratio | 0.98/1,000 SF |
| Zoning | LR2, Seattle | ||
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 14,169 SF |
| No. Stories | 3 |
| Year Built | 1957 |
| Parking Ratio | 0.98/1,000 SF |
| Zoning | LR2, Seattle |
AMENITIES
UNIT AMENITIES
- Ceiling Fans
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
- Recycling
ABOUT 201 NE 40TH ST , SEATTLE, WA 98105
Nestled in Seattle’s quaint Wallingford neighborhood, the University Arms Apartments provide the comfort of small community living with convenient access to the amenities needed to maintain a happy and healthy lifestyle. Homes in the University Arms have been updated with new cabinets, granite countertops, fresh carpets, and modern fixtures. Residents love their private balconies with sweeping views of Lake Union and Downtown Seattle. An on-site laundry room provides convenient access for all residents to enjoy. This value-add investment opportunity has rental upside and the potential to add a Studio unit. The University Arms Apartments could not have a better location. Portage Bay, Gas Works Park, and Wallingford playfield are all within walking distance. A bit farther are Fremont and the University District, both featuring wonderful shops, tasty restaurants, and endless entertainment options. All major business centers are easily accessible from the building due to its prime accessibility to I-5 and SR 520. Major employers in both Downtown Bellevue and Seattle, such as Google, Microsoft, Facebook, Amazon, Tableau, Adobe, and Nordstrom, are only a 15-minute drive from the University Arms Apartments, which features ample parking for all residents to take advantage of.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | $1,450 | - |
| 3+2 | 1 | $2,450 | - |
PROPERTY TAXES
| Parcel Number | 420690-0845 | Improvements Assessment | $2,655,000 |
| Land Assessment | $2,880,000 | Total Assessment | $5,535,000 |
PROPERTY TAXES
