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23
Courtesy of NWMLS / Urban Commercial Partners, LLC
$4,700,000 Sale
Listed 1 day
2350 Beacon Avenue S, Seattle, WA 98144
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Key Facts
Key facts for 2350 Beacon Avenue S, Seattle, WA 98144
Property Type
House, 56 - 10+ Units
Parking
6 parking
MLS #
2440960
Size
0 sqft
Basement
-
Listed on
-
Lot size
-
Tax
$30,238 /yr
Days on Market
-
Year Built
1958
Maintenance Fee
$ 0/mo
Description
Westward Apartments is a turnkey 16-unit multifamily asset located in North Beacon Hill. Built in 1958 and renovated in 2016, the property offers a mix of one-and two-bedroom units with updated finishes and modernized systems. With near 100%year-round occupancy and rents averaging $1,792 remain be...low the market average of $1,896, offering immediate upside through rent growth. Westward's North Beacon Hill location offers residents walkable access to transit, light rail, neighborhood amenities, and proximity to major employment hubs including the headquarters of Amazon, Microsoft, T-Mobile, Starbucks & Costco. Year 1 NOI of $266,445 and a market cap rate of 5.7%.
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Courtesy of: Tyler J. Bretz, Urban Commercial Partners, LLC

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Disclaimer: The information contained in this listing has not been verified by Tyler J. Bretz, Urban Commercial Partners, LLC and should be verified by the buyer.