8716 Sand Point Way NE | Seattle, WA 98115
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This Multifamily Property is no longer advertised on LoopNet.com.
8716 Sand Point Way NE
Seattle, WA 98115
Beach Club Cottages · Multifamily Property For Sale
·
14 Units

INVESTMENT HIGHLIGHTS
- Lake Washington waterfront property – beach access, 110 feet of lake frontage, and 2 boat slips, scenic Lake Washington views from most units
- Renovated, turnkey property – updated kitchens and bathrooms, dishwashers, and in-unit laundry in most apartments
- 6 buildings on site: 3 apartment buildings, 2 cottages, and 1 single family home, all totaling 14 rental units
- Waterfront properties generally appreciate faster & offer lower vacancy rates along with faster lease-up times & longer tenancies than non-waterfront
- 15 off-street and 3 garage parking spaces
- Excellent Matthews Beach neighborhood location – ±100 yards to the Burke-Gilman trail, near Matthews Beach Park, a mile to Magnuson Park
PROPERTY FACTS
| No. Units | 14 | Building Size | 11,105 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1939 |
| Building Class | B | Parking Ratio | 1.62/1,000 SF |
| Lot Size | 1.08 AC | ||
| Zoning | NR3 | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.08 AC |
| Building Size | 11,105 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1939 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | NR3 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Views
- Yard
- Deck
- Lawn
SITE AMENITIES
- Laundry Facilities
- Picnic Area
- Waterfront
- Dock
- Car Charging Station
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | $2,093 | 579 |
| 2+1 | 2 | $2,593 | 879 |
| 2+2 | 2 | $3,345 | 988 |
PROPERTY TAXES
| Parcel Numbers |
Multiple
|
Improvements Assessment | $1,000 |
| Land Assessment | $5,907,500 | Total Assessment | $5,908,500 |
PROPERTY TAXES
Parcel Numbers
Multiple
- 342604-9036
- 342604-9041
Land Assessment
$5,907,500
Improvements Assessment
$1,000
Total Assessment
$5,908,500
Listing ID: 31904336
Date on Market: 5/23/2024
Last Updated:
Address: 8716 Sand Point Way NE, Seattle, WA 98115
The Lake City Multifamily Property at 8716 Sand Point Way NE, Seattle, WA 98115 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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