5216 Brooklyn Ave NE | Seattle, WA 98105
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- LoopNet Team
5216 Brooklyn Ave NE
Seattle, WA 98105
Brooklyn Apartments · Multifamily Property For Sale
·
37 Units
Investment Highlights
- The Property is a 37-unit apartment building in a highly sought-after location, with secure entry and ample amenities including a rooftop deck.
- The Property is located in a highly walkable pocket of the University District neighborhood near the U-District Link Light Rail Station and U of WA.
- A new owner will have the opportunity to improve the Net Operating Income by nearly 20% through the implementation of a utility bill-back program.
- The Property is a modern 2016 construction asset with a four-star Built Green rating.
- The Property stabilizes to a 5.45% cap rate based on raising rents to market rates.
- The Property is being offered for sale for the first time since its construction.
Property Facts
| No. Units | 37 | Building Size | 14,960 SF |
| Property Type | Multifamily | Average Occupancy | 78% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2016 |
| Building Class | B | Parking Ratio | 0.33/1,000 SF |
| Lot Size | 0.19 AC | ||
| Zoning | LR2 | ||
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 14,960 SF |
| Average Occupancy | 78% |
| No. Stories | 3 |
| Year Built | 2016 |
| Parking Ratio | 0.33/1,000 SF |
| Zoning | LR2 |
Amenities
Unit Amenities
- Storage Space
- Washer/Dryer
- Hardwood Floors
- Stainless Steel Appliances
Site Amenities
- Roof Terrace
- Storage Space
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 22 | $1,509 | 351 |
| Studios | 9 | $1,608 | 489 |
| 1+1 | 6 | $2,067 | 808 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $5,652,600 | |
| Land Assessment | $2,142,400 | Total Assessment | $7,795,000 |
Property Taxes
Parcel Numbers
Land Assessment
$2,142,400
Improvements Assessment
$5,652,600
Total Assessment
$7,795,000
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