815 3rd Ave N
Seattle WA 98109
Flamingo Terrace Apartments
815 3rd Ave N Seattle WA 98109
Listing #: 630702 | Status: Available | Last Modified: 11/30/2021 |
For Sale
- Phone:(425) 250-3284
- Email:johnny@fwp-inc.com
- Office Name:First Western Properties, Inc.
- Office Phone:(425) 822-5522
- Office Website:
- Agent Phone:(425) 250-3285
- Agent Email:ryan@fwp-inc.com
- Call Listing AgentYes
- Use DiscretionNo
- Listing Price$ 4,500,000.0
- $/SF$ 615.1
- $/Unit$ 409,090.9
- Listing StatusAvailable
- Days on Market1529
- Asset ClassMulti-Family
- Terms
- Investment TypeActual
- Investment PropYes
- 1031 ExchangeYes
- Gross Income207,900
- Vacancy Factor %0.00%
- Operating Expenses9,100
- Net Operating Income198,800
- CAP Rate 1.23 %
- Min Total SF600
- Max Total SF800
- Lease Rate Low$ 15,600.0
- Lease Rate High$ 21,000.0
- Heat Source
- Topography
- Total Units11
- Dock High Doors
- Semi-Dock Doors
- Grade Level Door Count
- Crane Count
- CAP Rate 1.23 %
- $/SF/YR$ 00.0
- $/Unit$ 409,090.9
- Expense/Unit$ 827.3
- # Units8
- Beds/Baths1Bed/1Bath
- Avg SqFT600
- # Units3
- Beds/Baths2Bed/1.5Bath
- Avg SqFT900
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units11
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF7316
- Net Rentable Area7316
- Total Office SF
- Largest Contiguous SF
- Lot SF7680
- Acres0.18
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaQueen Anne/Magnolia
- Tax ID #5457800160
- Additional Parcels
- ZoningLR3
- # Covered Spaces0
- # Uncovered Spaces0
- Total Parking Spots0
- Parking Ratio
- Year Built1955
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
First Western Properties Inc. is pleased to announce the exclusive listing of the Flamingo Terrace Apartments. This offering presents an attractive and rare opportunity to purchase a classic 11-unit apartment building. This site is located in Seattle’s highly desirable and centrally-located Queen Anne neighborhood. It is consistently ranked as one of the city’s hottest neighborhoods, most desirable places to live, most competitive real estate markets and most walkable/livable communities featuring some of the most coveted views of Downtown Seattle, the Space Needle and Elliott Bay *Broker to verify commission with Listing Agent when submitting an offer.