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Flamingo Terrace Apartments
815 3rd Ave N Seattle WA 98109
Listing #: 630702 | Status: Available | Last Modified: 11/30/2021
| Showing Instructions | |
|---|---|
| Call Listing Agent | Yes |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Type | Actual |
| Investment Prop | Yes |
| 1031 Exchange | Yes |
| Gross Income | 207,900 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 9,100 |
| Net Operating Income | 198,800 |
| CAP Rate | 1.23 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 600 SF |
| Max Total SF | 800 SF |
| Lease Rate Low | $ 15,600.00 |
| Lease Rate High | $ 21,000.00 |
| Total Units | 11 |
| Financial Summary | |
|---|---|
| CAP Rate | 1.234 |
| $/SF/YR | $ 0.00 |
| $/Unit | $ 409,090.91 |
| Expense/Unit | $ 827.27 |
| Asset Class Information | |
|---|---|
| # Units | 8 |
| Beds/Baths | 1Bed/1Bath |
| Avg SqFT | 600 |
| # Units | 3 |
| Beds/Baths | 2Bed/1.5Bath |
| Avg SqFT | 900 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 3 |
| # of Units | 11 |
| Total Building SF | 7,316 SF |
| Net Rentable Area | 7,316 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 7,680 SF |
| Acres | 0.18 |
| Year Built | 1955 |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Location | |
|---|---|
| County | King |
| Market Area | Queen Anne/Magnolia |
| Tax ID # | 5457800160 |
| Zoning | LR3 |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 0 |
| Total Parking Spots | 0 |
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.
Flamingo Terrace Apartments
815 3rd Ave N Seattle WA 98109
Listing #: 630702 | Status: Available | Listing Date: 9/17/2020 | Last Modified: 11/30/2021 | Email Listing
