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807 N 40th St
Seattle, WA 98103
Carmel Apartments · Multifamily Property For Sale
·
14 Units
Investment Highlights
- First time on the market in 25 years and situated in Fremont, one of Seattle’s most popular and walkable neighborhoods
- Building comprised of 14 studio, one-bed, and two-bed units averaging $235 below market rate
- Pivot point location with immediate access to the area’s largest thoroughfares
- Fully occupied with consistently low vacancy rates, zero delinquencies
- Increase income immediately via increased parking and storage fees; long-term with unit renovations
Property Facts
| No. Units | 14 | Building Size | 10,520 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1974 |
| Building Class | C | Parking Ratio | 1.33/1,000 SF |
| Lot Size | 0.22 AC | ||
| Zoning | LR2 | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 10,520 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | LR2 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,210 | 450 |
| 1+1 | 8 | $1,718 | 708 - 713 |
| 2+1 | 3 | $2,000 | 867 |
| 2+2 | 2 | $2,148 | 900 |
Property Taxes
| Parcel Number | 193130-1140 | Improvements Assessment | $2,072,000 |
| Land Assessment | $1,920,000 | Total Assessment | $3,992,000 |
Property Taxes
Parcel Number
193130-1140
Land Assessment
$1,920,000
Improvements Assessment
$2,072,000
Total Assessment
$3,992,000
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