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301 E Thomas St
Seattle, WA 98102
Clift House Apartments · Multifamily Property For Sale
·
17 Units
INVESTMENT HIGHLIGHTS
- Concrete and steel construction.
- Unique and varying styles and sizes of one bedroom and studio units.
- Electric baseboard heat.
- New Roof in 2023, New Exterior Paint 2022.
- Separate dining room in the larger one bedrooms.
- Secure indoor area for tenant bicycle storage.
EXECUTIVE SUMMARY
Although there is parking with this building, a Capitol Hill rarity, your tenants won’t need it, because with a Walk Score of 95, they will be within walking distance of nearly every need – dining & cocktails, groceries, shopping, parks, Seattle Public Library, schools, movie theatres, museums, culture and entertainment, all of it within an easy stroll. Thirty minutes on foot to downtown, four minutes by Uber and Lyft. Those familiar with this part of Capitol Hill will instantly recognize the exceptional location. It’s “North of Denny,” as they say. For years Denny Way has been known as the dividing line separating this quiet and affluent residential quarter from the busy melting pot that now and then boils over in times of unrest, making it a world away. This is a value property. Major renovations including roofing, plumbing, electrical, painting have been done. Minor cosmetic work needs to be done.
PROPERTY FACTS
| Price Per Unit | $247,059 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.71% | Building Size | 16,815 SF |
| No. Units | 17 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1959/2023 |
| Property Subtype | Apartment | Parking Ratio | 0.68/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | MR - multifamily residential zone | ||
| Price Per Unit | $247,059 |
| Sale Type | Investment |
| Cap Rate | 5.71% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 16,815 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1959/2023 |
| Parking Ratio | 0.68/1,000 SF |
| Zoning | MR - multifamily residential zone |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Views
- Deck
- Patio
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 17 | - | - |
PROPERTY TAXES
| Parcel Number | 684820-0105 | Improvements Assessment | $1,454,000 |
| Land Assessment | $2,880,000 | Total Assessment | $4,334,000 |
PROPERTY TAXES
Parcel Number
684820-0105
Land Assessment
$2,880,000
Improvements Assessment
$1,454,000
Total Assessment
$4,334,000
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Clift House Apartments | 301 E Thomas St
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