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6601 Rainier Ave S
Seattle, WA 98118
The Arches Apartments · Multifamily Property For Sale
·
25 Units
Investment Highlights
- Well-maintained with extensive capital improvements
- Balanced unit mix of 3, 2, and 1 bedroom units
- Value-add space for potential unit addition or tenant storage
- In-place 4.78% Cap Rate
- Utility expense recapture with sub-metering
Property Facts
| No. Units | 25 | Lot Size | 0.63 AC |
| Property Type | Multifamily | Building Size | 24,220 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1967 |
| Building Class | C | ||
| Zoning | LR3 | ||
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 24,220 SF |
| No. Stories | 3 |
| Year Built | 1967 |
| Zoning | LR3 |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 650 |
| 2+1 | 5 | - | 1,015 |
| 3+2 | 10 | - | 1,250 |
Property Taxes
| Parcel Number | 272404-9001 | Improvements Assessment | $3,662,300 |
| Land Assessment | $2,209,700 | Total Assessment | $5,872,000 |
Property Taxes
Parcel Number
272404-9001
Land Assessment
$2,209,700
Improvements Assessment
$3,662,300
Total Assessment
$5,872,000
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