2701 S Walden St
Seattle WA 98144
Quaker Court
2701 S Walden St Seattle WA 98144
Listing #: 665620 | Status: Available | Last Modified: 5/18/2023 |
For Sale
- Phone:(206) 505-9414
- Email:ian@westlakeassociates.com
- Office Name:Westlake Associates, Inc.
- Office Phone:(206) 505-9400
- Office Website:
- Agent Phone:(206) 505-9428
- Agent Email:travisk@westlakeassociates.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,800,000.0
- $/SF$ 404.7
- $/Unit$ 2,800,000.0
- Listing StatusAvailable
- Days on Market775
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income183,854
- Vacancy Factor %3.04%
- Operating Expenses45,521
- Net Operating Income132,747
- CAP Rate 4.94 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 4.94 %
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units10
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF6918
- Net Rentable Area6918
- Total Office SF
- Largest Contiguous SF
- Lot SF7841
- Acres0.18
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaS. Seattle
- Tax ID #1426300305
- Additional Parcels
- ZoningLR3
- Year Built1966
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Mt Baker 10-Unit For Sale
Built in 1967 and recently renovated in 2019-2020, Quaker Court is a 10-unit apartment building located in the Mt. Baker neighborhood. This convenient, urban location is just blocks from Mt. Baker Station, several recreational parks, restaurants, and schools. The systems throughout the building that have been updated include the following: in-unit Washer/Dryer, Quartz counters, LVP flooring, stainless appliances, new decks, freshly painted exterior and common areas with new carpet. This is an excellent value-add opportunity from a management perspective, as all the heavy lifting has been completed; simply raise the income. Comparable rents nearby show that there is room to considerably raise rents without additional upgrades. The Central District has see some of the strongest rents for an
Apt. D+S #29258