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The Magnolia Assemblage 3 Properties Offered at $6,225,000 in Seattle, WA
Executive Summary
The Magnolia Assemblage offers a new investor the ability to acquire a 3 building portfolio suitable for a value-add opportunity located in a core Seattle area. The current arrangement offers 31 multi-family units plus a single family house, 2618 Thorndyke Ave. All together the assemblage represents 34,262 square feet of LR3 (M) zoned dirt suitable for a development of +/- 30 townhouses.
Property Facts
| Price | $6,225,000 | Status | Active |
| Price / SF | $182.08 / SF | Number of Properties | 3 |
| Sale Condition | Redevelopment Project | Individually For Sale | 0 |
| Cap Rate | 2.48% | Total Building Size | 34,188 SF |
| Sale Type | Investment | Total Land Area | 0.78 AC |
| Price | $6,225,000 |
| Price / SF | $182.08 / SF |
| Sale Condition | Redevelopment Project |
| Cap Rate | 2.48% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 34,188 SF |
| Total Land Area | 0.78 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Magnolia Assemblage
2618 Thorndyke Ave W, Seattle, WA 98199 |
Land | 0.13 AC | - | - |
|
Thorndyke II Apartments
2600 Thorndyke Ave W, Seattle, WA 98199 |
Multifamily | 25,724 SF | 1954 | - |
|
Tikini Apartments
2626 Thorndyke Ave W, Seattle, WA 98199 |
Multifamily | 8,464 SF | 1967 | - |
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The Magnolia Assemblage
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