620 5th Ave W | Seattle, WA 98119
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- LoopNet Team
620 5th Ave W
Seattle, WA 98119
Residence 620 · Multifamily Property For Sale
·
44 Units
INVESTMENT HIGHLIGHTS
- Value-add, trophy asset in an A+ location, Parkwing presents a compelling investment opportunity in highly desirable Seattle submarket
- Parkwing was built in 1967 and is a 44-unit property in Seattle’s prestigious Queen Anne neighborhood with a mix of studio, one-, and two-bed units
- Additional amenities include garage and off-street parking, common laundry, and private balconies in select units
- Recently under new management, the property has seen improvements in leasing and maintenance while conducting a light renovation program
- Over $140K was spent in 2023 on building repairs and appliance upgrades
- Seattle Center Light Rail stop proposed within a few blocks; four-minute walk to West Mercer and 3rd Avenue West bus stop with two metro routes
PROPERTY FACTS
| No. Units | 44 | Lot Size | 0.41 AC |
| Property Type | Multifamily | Building Size | 32,445 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1967 |
| Building Class | C | Parking Ratio | 1.36/1,000 SF |
| Zoning | MR (M) | ||
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 32,445 SF |
| No. Stories | 4 |
| Year Built | 1967 |
| Parking Ratio | 1.36/1,000 SF |
| Zoning | MR (M) |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Pool
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | 331 |
| 1+1 | 33 | - | 737 |
| 2+1 | 4 | - | 950 |
| 2+2 | 3 | - | 990 |
PROPERTY TAXES
| Parcel Number | 387690-0165 | Improvements Assessment | $2,517,000 |
| Land Assessment | $8,550,000 | Total Assessment | $11,067,000 |
PROPERTY TAXES
Parcel Number
387690-0165
Land Assessment
$8,550,000
Improvements Assessment
$2,517,000
Total Assessment
$11,067,000
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