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4336 15th Ave S

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Address: 4336 15th Ave S, Seattle, WA 98108, USA

Seattle & Northwest + Apartment Buildings

Created date: June 4, 2024

Date last updated: October 28, 2024

Desirable unit size consisting of twelve 1-bedroom units averaging 632 SF.
Close-proximity to popular and essential amenities, outdoor recreation, & key employment drivers.
Well-maintained building provides future investors with current cashflow, with the potential to realize a large lift via market rents and renovated units.
Boasting a footprint of 12,230 SF, NC1-55(M) zoning, and steps from future Mercer International Middle School, Tara Apartments offers a significant future redevelopment opportunity.

Property Description

Lee & Associates NW Multifamily Team is pleased to present the exclusive listing of Tara Apartments, a 12-unit apartment building, featuring six lighly renovated units. Situated in Seattle’s Beacon Hill Neighborhood, residents enjoy seamless access to local employment drivers, vibrant local retail, abundant dining options, and other amenities. Well maintained and tastefully upgraded throughout current ownership, Tara has undergone some improvements over recent years. Featuring a desirable unit mix of twelve 1-bedrooms averaging 632 SF, renovations include new flooring, and kitchen cabinets and counter tops, in six of the twelve units, along with bathroom cabinets and sinks in four of the twelve, ensuring higher comfort and functionality for current and future residents. Boasting a footprint of 12,230 SF, zoned NC1-55, and steps away from the brand new and currently under construction Mercer International Middle School, Tara Apartments offers significant future redevelopment potential. Positioned within the ever-growing and primely positioned Beacon Hill submarket, this 12-unit asset presents a compelling investment opportunity for future buyers, in large part due to consistent demand and strong tenant base. Whether you choose to continue operating the property as is, capitalize on current below-market rents, or undertake remaining renovations to further fulfill potential rental upside, the opportunity for success is abundant in one of Seattle’s most desirable and conveniently located neighborhoods.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$2,375,000
No. of Units:	12
Year Built:	1959
Lot Size:	0.28 Sq ft
Opportunity Zone:	No
Price per unit:	$197,917
Property Website	Click Here