Fairseas Apartments - Portfolio Option

Multi-Family

1401 - 1403 W Bertona St, SeattleWA 98119

Property Details

Location

Address
1401 - 1403 W Bertona St, SeattleWA 98119
County
King
Submarket
CBA Queen Anne/Magnolia
Parcels
2770603680

Building Size

Building Size
5,871 SF
Rentable Space
5,871 SF

Building Details

Type
 Multi-Family
Number of Buildings
1
Number of Units
8
Occupancy Type
Multi-tenant
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
3
Year Built
1925
Year Renovated
1997
Sprinklers
Parking (Total Parking, Uncovered Parking)
13 , 13
Parking Ratio

Land & Utilities

Land (Acres)
0.19 Acres
Land (SF)
8,400 SF
Zoning
LR3 RC (M)
Lot Depth
Lot Width

Contacts

Current Listings

Fairseas Apartments - Portfolio option

5,871 SF$2,575,000
Cap Rate: 3.09%

Positioned in Seattle’s desirable North Queen Anne neighborhood, Fairseas Apartments is within walking distance of Seattle Pacific University and is an easy commute to South Lake Union and Downtown Seattle with their many prestigious employers. Fairseas' Apartments’ 8 units offer a new investor the likely opportunity for meaningful upside in the form of increased rents, charging for parking, and increased monthly charges for laundry and utilities. With desirable features including 13 parking spaces, on-site laundry, storage, and several remodeled units, combined with its North Queen Anne location and income and management upside, the Fairseas Apartments is an excellent investment opportunity.

May also be purchased as a portfolio with 3421 14th Ave W, Seattle WA

Positioned in Seattle’s desirable North Queen Anne neighborhood, Fairseas Apartments is within walking distance of Seattle Pacific University and is an easy commute to South Lake Union and Downtown Seattle with their many prestigious employers. Fairseas' Apartments’ 8 units offer a new investor the likely opportunity for meaningful upside in the form of increased rents, charging for parking, and increased monthly charges for laundry and utilities. With desirable features including 13 parking spaces, on-site laundry, storage, and several remodeled units, combined with its North Queen Anne location and income and management upside, the Fairseas Apartments is an excellent investment opportunity.

May also be purchased as a portfolio with 3421 14th Ave W, Seattle WA

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

BROKER

Source: CBA

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