MLS #2440232 / Listing provided by NWMLS & Westlake Associates, Inc..
$4,600,000
8356 16th Avenue NW
Seattle,
WA
98117
Sq Ft
Per Sq Ft
Year Built
Crown Hill 13 is on the market for the first time since its 2001 construction. This 13-unit, well-built apartment community sits at the border of Loyal Heights and Crown Hill, near shops, dining, and entertainment along the Crown Hill corridor. Secure entry with elevator, garage parking plus large storage lockers. 7 of 13 units have been upgraded. 6 units provide value-add with potential for turnover. It’s close to Golden Gardens Park, Ballard Avenue, and just seven miles from South Lake Union and Downtown Seattle. With a 5.5% in-place cap rate, large floor plans, quality construction, and room for rent growth and renovations, this is a rare chance to own a strong income-producing property in one of Seattle’s top rental markets.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Parking Total: 21
- Uncovered Parking Spaces: 0
- Open Parking Spaces: 0
Structure
- Roof: Composition
- Exterior Features: Wood
Lot Details
- Lot Features: Corner Lot, Curbs, Paved, Sidewalk
- Acres: 0.2394
Schools
- High School District: Seattle
Lot Details
- Lot Features: Corner Lot, Curbs, Paved, Sidewalk
- Acres: 0.2394
Power
- Energy Source: Electric
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water, Sewer, and Garbage: 24918
Danielle Laybourn
Broker | REALTOR®
Send Danielle Laybourn an email