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
Johnny Huynh
  • Phone:(425) 250-3284
  • Email:johnny@fwp-inc.com
  • Office Name:First Western Properties, Inc.
  • Office Phone:(425) 822-5522
  • Office Website:
Ryan Cornish
Showing Instructions
  • Call Listing AgentYes
  • Use DiscretionNo
1_FlamingoTerrace.jpg
Price Information
  • Listing Price$ 4,500,000.0
  • $/SF$ 615.1
  • $/Unit$ 409,090.9
  • Listing StatusAvailable
  • Days on Market1529
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment TypeActual
  • Investment PropYes
  • 1031 ExchangeYes
  • Gross Income207,900
  • Vacancy Factor %0.00%
  • Operating Expenses9,100
  • Net Operating Income198,800
  • CAP Rate 1.23 %
Detail Listing Information
  • Min Total SF600
  • Max Total SF800
  • Lease Rate Low$ 15,600.0
  • Lease Rate High$ 21,000.0
  • Heat Source
  • Topography
  • Total Units11
Industrial Asset Class Info
  • Dock High Doors
  • Semi-Dock Doors
  • Grade Level Door Count
  • Crane Count
Financial Summary
  • CAP Rate 1.23 %
  • $/SF/YR$ 00.0
  • $/Unit$ 409,090.9
  • Expense/Unit$ 827.3
Asset Class Information
  • # Units8
  • Beds/Baths1Bed/1Bath
  • Avg SqFT600
  • # Units3
  • Beds/Baths2Bed/1.5Bath
  • Avg SqFT900
Associated Files
Building Information
  • 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 Type
  • Property TypeMulti-Family
  • Office Type
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaQueen Anne/Magnolia
  • Tax ID #5457800160
  • Additional Parcels
  • ZoningLR3
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces0
  • Total Parking Spots0
  • Parking Ratio
Construction
  • Year Built1955
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction Type

Public Comments

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.