212-216 Alaskan Way S | Seattle, WA 98104
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
212-216 Alaskan Way S
Seattle, WA 98104
The OK Hotel Apartments · Multifamily Property For Sale
·
68 Units
INVESTMENT HIGHLIGHTS
- Excellent opportunity to purchase a rare historic Pioneer Square property along the newly revitalized Seattle waterfront
- Operational upside through loss-to-lease reduction of $108,112
- Property is offered free and clear of current financing. Multiple years of interest-only financing is available
- 2023 maximum allowable rents increased 8.84% in the Seattle-Bellevue, WA HUD Metro FMR Area
- Attractive price per unit of $87,500, well below replacement cost and recent sales
- Final year of LIHTC Restrictions is 2044
PROPERTY FACTS
| No. Units | 68 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 42,534 SF |
| Property Subtype | Apartment | Average Occupancy | 99% |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Building Class | C | Year Built/Renovated | 1914/2004 |
| Zoning | PSM-100, Seattle | ||
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 42,534 SF |
| Average Occupancy | 99% |
| No. Stories | 5 |
| Year Built/Renovated | 1914/2004 |
| Zoning | PSM-100, Seattle |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Granite Countertops
- Refrigerator
- Range
- Tub/Shower
- Wi-Fi
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- On-Site Retail
- Trash Pickup - Door to Door
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 48 | - | 254 - 485 |
| 1+1 | 20 | - | 447 - 464 |
PROPERTY TAXES
| Parcel Number | 524780-0090 | Improvements Assessment | $1,000 |
| Land Assessment | $4,348,100 | Total Assessment | $4,349,100 |
PROPERTY TAXES
Parcel Number
524780-0090
Land Assessment
$4,348,100
Improvements Assessment
$1,000
Total Assessment
$4,349,100
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
