Westernaire Apartments

Multi-Family

4201 SW Graham St, SeattleWA 98136

Property Details

Location

Address
4201 SW Graham St, SeattleWA 98136
County
King
Submarket
CBA West Seattle
Parcels
0826000135

Building Size

Building Size
13,540 SF
Rentable Space
11,284 SF

Building Details

Type
 Multi-Family
Number of Buildings
1
Number of Units
28
Occupancy Type
Multi-tenant
Building Class
A
Building Status
Existing
Floors
3
Year Built
1956
Sprinklers
Parking Ratio
Legal Desc.
BIRDLE HEIGHTS ADD

Land & Utilities

Land (Acres)
0.23 Acres
Land (SF)
10,000 SF
Sanitary Sewer
Yes
Water
Yes
Zoning
LR3
Lot Depth
Lot Width

Contacts

Current Listings

Westernaire Apartments

11,284 SF$5,460,000
Cap Rate: 4.3%

Under $200K a Unit, 5.2% proforma cap, great location close to retail, entertainment and services. With clean and cool mid-century architecture, the Westernaire sits proudly on a 10,000 square foot corner lot just one block from California Ave in a wonderful West Seattle location. On the market for the first time in over 30 years, the Westernaire features a total of 28 apartments with 27, one-bedroom units and 1, larger two-bedroom unit. The property has been well-maintained and managed by the current local owners with a focus on stability and low-turnover and is perfectly positioned for new ownership that wants a stable, turn-key asset or a value-add property to renovate and “reposition”. The ability to acquire a well-maintained and well-located, 28 unit mid-century apartment building with upside at a great price per unit make the Westernaire Apartments a one-of-a-kind investment opportunity.

Under $200K a Unit, 5.2% proforma cap, great location close to retail, entertainment and services. With clean and cool mid-century architecture, the Westernaire sits proudly on a 10,000 square foot corner lot just one block from California Ave in a wonderful West Seattle location. On the market for the first time in over 30 years, the Westernaire features a total of 28 apartments with 27, one-bedroom units and 1, larger two-bedroom unit. The property has been well-maintained and managed by the current local owners with a focus on stability and low-turnover and is perfectly positioned for new ownership that wants a stable, turn-key asset or a value-add property to renovate and “reposition”. The ability to acquire a well-maintained and well-located, 28 unit mid-century apartment building with upside at a great price per unit make the Westernaire Apartments a one-of-a-kind investment opportunity.

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CBA

Source: Commercial Brokers Association (CBA)

More Information

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