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406 Summit Ave E
Seattle, WA 98102
Summit Terrace Apartments · Multifamily Property For Sale
·
10 Units
PROPERTY FACTS
| No. Units | 10 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 7,200 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1924 |
| Zoning | MR, Seattle | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1924 |
| Zoning | MR, Seattle |
AMENITIES
SITE AMENITIES
- Laundry Facilities
ABOUT 406 SUMMIT AVE E , SEATTLE, WA 98102
Paragon Real Estate Advisors is pleased to exclusively offer for sale the Summit Terrace. This urban infill redevelopment site is exceptionally well located in the highly desirable Capitol Hill neighborhood. Any potential future development would not only feature amazing location but also dramatic city, water, and mountain views. The 7,200 square foot lot is zoned Midrise and located in the Capitol Hill Urban Center. This flexible, high-density zoning allows for development of apartments, condominiums, congregate “micro” housing, or townhouses. The property is currently improved with a 10-unit apartment building. The existing building provides solid income that could help offset carrying costs while waiting entitlements.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | $1,270 | 340 |
| 1+1 | 6 | $1,612 | 520 |
PROPERTY TAXES
| Parcel Number | 684820-0465 | Improvements Assessment | $1,000 |
| Land Assessment | $2,880,000 | Total Assessment | $2,881,000 |
PROPERTY TAXES
