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3056 60th Ave SW
Seattle, WA 98116
Admiral 7 Apartments · Multifamily Property For Sale
·
7 Units
Investment Highlights
- Turn-Key Asset
- Strong In-Place Income
- Rare Covered Parking 1:1 Ratio
- Minimal Deferred Maintenance
- Desirable Unit Mix: 2-Bed/2-Bath, 2-Bed/1-Bath, 1-Bed/1-Bath
- Premier West Seattle Location
Executive Summary
Admiral 7 consists of seven well-designed units featuring an attractive mix of spacious townhomes and flats. The unit mix includes four 2-bed-room, 1.5-bath townhome-style units averaging approximately 1,000 square feet, two 2-bedroom, 1-bath flats averaging 814 square feet, and one large 1-bedroom unit.
Each unit offers functional and desirable layouts with large living rooms, dedicated dining areas, and open kitchens featuring modern updates. Interiors are enhanced by updated bathrooms, oversized closets, abundant natural light through large windows, and the convenience of in-unit laundry.
Situated in North Admiral, one of West Seattle’s most coveted neighborhoods, the property benefits from a unique blend of coastal lifestyle and urban convenience. Residents are just minutes from Alki Beach’s vibrant waterfront scene, while also enjoying proximity to Admiral Junction’s neighborhood amenities, grocery stores, cafes, and restaurants.
Each unit offers functional and desirable layouts with large living rooms, dedicated dining areas, and open kitchens featuring modern updates. Interiors are enhanced by updated bathrooms, oversized closets, abundant natural light through large windows, and the convenience of in-unit laundry.
Situated in North Admiral, one of West Seattle’s most coveted neighborhoods, the property benefits from a unique blend of coastal lifestyle and urban convenience. Residents are just minutes from Alki Beach’s vibrant waterfront scene, while also enjoying proximity to Admiral Junction’s neighborhood amenities, grocery stores, cafes, and restaurants.
Property Facts
| Price Per Unit | $378,571 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.45% | Lot Size | 0.13 AC |
| Gross Rent Multiplier | 11.71 | Building Size | 6,281 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1993 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Zoning | LR3 | ||
| Price Per Unit | $378,571 |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| Gross Rent Multiplier | 11.71 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 6,281 SF |
| No. Stories | 3 |
| Year Built | 1993 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | LR3 |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $2,675 | 1,000 |
| 2+1 | 2 | $2,398 | 814 |
| 1+1 | 1 | $1,895 | 652 |
Property Taxes
| Parcel Number | 299780-0061 | Improvements Assessment | $1,226,600 |
| Land Assessment | $1,104,400 | Total Assessment | $2,331,000 |
Property Taxes
Parcel Number
299780-0061
Land Assessment
$1,104,400
Improvements Assessment
$1,226,600
Total Assessment
$2,331,000
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