Log In/Sign Up
Your email has been sent.
Harbor Vista 6042 Fauntleroy Way SW 6 Unit Apartment Building $1,995,000 ($332,500/Unit) 4.73% Cap Rate Seattle, WA 98136
INVESTMENT HIGHLIGHTS
- Low maintenance 6 unit building
- Private washer/dryer for each unit
- 2BD/2BTH units averaging 904 SF
- Attractive West Seattle location
- 1989 Construction
- Multiple value-add opportunities
EXECUTIVE SUMMARY
Well-maintained, six-unit property features spacious 2BD/2BTH units that include private decks. All units are outfitted with full appliance packages, including dishwashers, ranges, refrigerators, garbage disposals, and in-unit washers and dryers. Units are in clean, rentable condition as-is, providing strong in-place income with considerable room for growth. There is significant value-add potential through interior cosmetic renovations and further upside through the implementation of utility bill-backs, parking charges, and pet rent. With its large floorplans, core location, and multiple layers of rental upside, Harbor Vista represents an excellent opportunity for investors seeking both immediate cash flow and long-term growth.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$94,409
|
$18.23
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $94,409 |
| Annual Per SF | $18.23 |
PROPERTY FACTS
| Price | $1,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $332,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 4.73% | Building Size | 5,424 SF |
| Gross Rent Multiplier | 12.79 | Average Occupancy | 97% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1989 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Zoning | LR2 (M) | ||
| Price | $1,995,000 |
| Price Per Unit | $332,500 |
| Sale Type | Investment |
| Cap Rate | 4.73% |
| Gross Rent Multiplier | 12.79 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,424 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 1989 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | LR2 (M) |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 6 | $2,105 | 904 |
1 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 762570-2920 | Improvements Assessment | $1,169,000 |
| Land Assessment | $770,000 | Total Assessment | $1,939,000 |
PROPERTY TAXES
Parcel Number
762570-2920
Land Assessment
$770,000
Improvements Assessment
$1,169,000
Total Assessment
$1,939,000
1 of 15
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
