Posada Apartments - Portfolio Option

Multi-Family

3419 - 3421 14th Ave W, SeattleWA 98119

Property Details

Location

Address
3419 - 3421 14th Ave W, SeattleWA 98119
County
King
Submarket
CBA Queen Anne/Magnolia
Parcels
2770603505

Building Size

Building Size
6,515 SF
Rentable Space
6,515 SF

Building Details

Type
 Multi-Family
Number of Buildings
1
Number of Units
11
Occupancy Type
Multi-tenant
Building Class
Building Status
Existing
Floors
3
Year Built
1945
Year Renovated
1990
Sprinklers
Parking (Total Parking, Uncovered Parking)
9 , 9
Parking Ratio

Land & Utilities

Land (Acres)
0.21 Acres
Land (SF)
9,000 SF
Zoning
LR3 RC (M)
Lot Depth
Lot Width

Contacts

Current Listings

Posada Apartments - Portfolio Option

6,515 SF$2,700,000
Cap Rate: 3.18%

Positioned in Seattle’s desirable North Queen Anne neighborhood, Posada 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. Posada Apartments’ 11 units offer a new investor the likely opportunity for significant upside in the form of increased rents and monthly charges for laundry, utilities, and parking, as well as the option to build out one down unit to begin collecting even more rent. With desirable features including nine parking spaces, on-site laundry, storage, and several remodeled units, Posada Apartments is an excellent investment opportunity.

May also be purchased as a portfolio with 1401 W Bertona St, Seattle WA.

Positioned in Seattle’s desirable North Queen Anne neighborhood, Posada 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. Posada Apartments’ 11 units offer a new investor the likely opportunity for significant upside in the form of increased rents and monthly charges for laundry, utilities, and parking, as well as the option to build out one down unit to begin collecting even more rent. With desirable features including nine parking spaces, on-site laundry, storage, and several remodeled units, Posada Apartments is an excellent investment opportunity.

May also be purchased as a portfolio with 1401 W Bertona St, 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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