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3504 SW Webster St
Seattle, WA 98126
Olympic Manor Apartments · Multifamily Property For Sale
·
33 Units
PROPERTY FACTS
| No. Units | 33 | Lot Size | 0.58 AC |
| Property Type | Multifamily | Building Size | 27,150 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1964/1996 |
| Building Class | C | Parking Ratio | 0.99/1,000 SF |
| Zoning | NC2P-55 (M - Neighborhood Commercial | ||
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 27,150 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1964/1996 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | NC2P-55 (M - Neighborhood Commercial |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Disposal
- Heating
- Kitchen
- Oven
- Range
- Carpet
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Recycling
ABOUT 3504 SW WEBSTER ST , SEATTLE, WA 98126
This building contains 33 apartment units and 3,219 sq. ft. of retail space. Originally constructed in 1964, the property consists of a single three-story building with 31 one bedroom units, 2 two bedroom units, and three retail tenants. The one bedrooms average 690 sq. ft. while the two bedrooms are both 780 sq. ft. and the retail spaces range from 975 sq. ft. to 1,296 sq. ft. fronting 35th Avenue Southwest. The property is a wood framed structure with a mix of copper and galvanized plumbing and a mix of stucco, hardie plank and marblecrete siding. The exterior received siding upgrades in 2017 while upgrades before this, in 2011, included a new roof and new double pane vinyl windows. With the structure in sound condition, investors can focus their attention on how to position the interior of units to achieve higher rents. Currently, about 1/3 of the units have received interior upgrades which in include vinyl plank flooring, quartz counter tops, new cabinets, stainless steel appliances, tile flooring in the bathrooms, new tub surrounds, glass tile back-splashes and modern light fixtures. The other two thirds of units have carpet flooring throughout, laminate counter tops, and linoleum flooring.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 31 | $1,236 | 690 |
| 2+1 | 2 | $1,452 | 780 |
PROPERTY TAXES
| Parcel Number | 431920-0655 | Improvements Assessment | $4,654,000 |
| Land Assessment | $2,508,000 | Total Assessment | $7,162,000 |
PROPERTY TAXES
