1815 13th Ave S

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Address: 1815 13th Ave S, Seattle, Washington, US
Created date: May 29, 2024
Date last updated: May 30, 2024
  • Desirable unit mix including two studios, thirteen 1-bedrooms, and seven 2-bedrooms.
  • Close proximity to local amenities, outdoor recreation, & key employment drivers.
  • Current below market rents provide future rent upside with the additional of a potential office to unit conversion.
  • Well-maintained pride of ownership buildings, provides future investors with current cashflow and peace of mind for key building systems and in unit spaces.

Property Description

Lee & Associates NW Multifamily Team is pleased to present the exclusive listing of this 22-unit apartment featuring completely renovated units. Situated in Seattle’s Beacon Hill Neighborhood, residents enjoy seamless access local employment drivers, vibrant local retail, abundant dining, and other amenities. Well maintained and thoughtfully upgraded, this property has undergone significant improvements over recent years. Featuring a unit mix of studio, one, and two-bedroom units and an average unit size of 560 SF, renovations include the replacement of all wiring and plumbing throughout the units, as well as complete kitchen and bathroom remodels, ensuring modern comfort and functionality for residents. Positioned within the ever growing and primely positioned Beacon Hill submarket, this 22-unit asset presents a compelling investment opportunity for buyers. Whether you choose to continue operating the property as is, capitalize on current below-market rents to increase cash flow, or explore more long-term possibilities, the potential for success is abundant in this coveted location.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $6,100,000
No. of Units: 22
Average Occupancy: 4.94
Year Built: 1911
Lot Size: 0.17 Sq ft
Opportunity Zone: No
Price per unit: $277,273
Property Website Click Here
Address: 1815 13th Ave S, Seattle, WA 98144, USA
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