Roosevelt Apartments

Multi-Family

1729 12th Ave, SeattleWA 98122

Property Details

Location

Address
1729 12th Ave, SeattleWA 98122
County
King
Submarket
CBA Capitol Hill/First Hill
Parcels
6003500665

Building Size

Building Size
36,148 SF
Rentable Space
25,994 SF

Building Details

Type
 Multi-Family
Number of Buildings
1
Number of Units
50
Occupancy Type
Multi-tenant
Building Class
B
Building Status
Existing
Floors
3
Year Built
1925
Year Renovated
2004
Sprinklers
Parking (Total Parking, Covered Parking, Uncovered Parking)
28 , 3, 25
Parking Ratio
Legal Desc.
NAGLES 2ND ADD LOTS 7 & 8 & NORTH 40 FT LOT 9 BLK 28 LESS EAST 7 FT FOR 12TH AVE

Land & Utilities

Land (Acres)
0.44 Acres
Land (SF)
19,360 SF
Sanitary Sewer
Yes
Water
Yes
Zoning
NC3-75 (M1)
Lot Depth
Lot Width

Contacts

Current Listings

Exceptional Capitol Hill location

25,994 SF$12,100,000
Cap Rate: 4.03%

Located on a prominent corner in Capitol Hill just blocks from Downtown Seattle and the Pine/Pike Corridor, the Roosevelt Apartments is on the market for the first time in 25 years at an affordable $242,000-per-unit price point. Built in 1925, this 50-unit, brick veneer building features wide interior hallways, well maintained units, and ample parking. The Roosevelt will appeal to a variety of investors, from those who simply want a stable trophy property with rent upside, to those who are seeking a value-add property with potential to add ±30 units. It will also be of interest to developers who are pursuing a site for a 100+ unit building with marketable retail.

Located on a prominent corner in Capitol Hill just blocks from Downtown Seattle and the Pine/Pike Corridor, the Roosevelt Apartments is on the market for the first time in 25 years at an affordable $242,000-per-unit price point. Built in 1925, this 50-unit, brick veneer building features wide interior hallways, well maintained units, and ample parking. The Roosevelt will appeal to a variety of investors, from those who simply want a stable trophy property with rent upside, to those who are seeking a value-add property with potential to add ±30 units. It will also be of interest to developers who are pursuing a site for a 100+ unit building with marketable retail.

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Attachments

BROKER

Source: CBA

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