This Multifamily Property is no longer advertised on LoopNet.com.
8600 Aurora Ave N
The Way West Apartments | Seattle, WA · Multifamily Property For Sale
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24 Units
INVESTMENT HIGHLIGHTS
Way West Apartments comprises 24 multifamily units, with eight studios, 13 one-bedroom, one two-bedroom, and two commercial units.
Super cash-flowing asset recently renovated in 2014 including a new roof in 2019
Rare 8.00 Capitalization Rate in North Seattle based on Actual Income!
King County has undergone significant gentrification in recent years; the apartment's flexible zoning has enabled conversions per current demand.
Property is off the I-5 Expressway, enabling easy drive times to local demand drivers such as the desirable Northgate and Green Lake areas.
PROPERTY FACTS
No. Units
24
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Low-Rise
Building Class
C
Lot Size
0.46 AC
Building Size
9,576 SF
Average Occupancy
96%
No. Stories
2
Year Built/Renovated
1952/2014
Parking Ratio
2.4/1,000 SF
Zoning
NC3P-75 (M)
PROPERTY TAXES
Parcel Number
099300-1685
Improvements Assessment
$607,100
Land Assessment
$2,690,900
Total Assessment
$3,298,000
