6522 Phinney Ave N | Seattle, WA 98103
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- LoopNet Team
6522 Phinney Ave N
Seattle, WA 98103
The Phinney Apartments · Multifamily Property For Sale
·
13 Units
INVESTMENT HIGHLIGHTS
- Trophy asset
- North side of the building was tuck-pointed two years ago
- Market 5.5% cap rate
- South side of building was tuck-pointed in 2023, $82,000 capital improvement
- Current 4.8% cap rate
- New unit added in 2009 with permits
PROPERTY FACTS
| No. Units | 13 | Lot Size | 0.08 AC |
| Property Type | Multifamily | Building Size | 7,080 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1928/2009 |
| Building Class | C | Parking Ratio | 0.28/1,000 SF |
| Zoning | L3 RC, Seattle | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 7,080 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1928/2009 |
| Parking Ratio | 0.28/1,000 SF |
| Zoning | L3 RC, Seattle |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 11 | $1,368 | 480 |
| 1+1 | 1 | $1,545 | 850 |
| 2+1 | 1 | $1,525 | 950 |
PROPERTY TAXES
| Parcel Number | 675870-0010 | Improvements Assessment | $2,039,800 |
| Land Assessment | $811,200 | Total Assessment | $2,851,000 |
PROPERTY TAXES
Parcel Number
675870-0010
Land Assessment
$811,200
Improvements Assessment
$2,039,800
Total Assessment
$2,851,000
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