10500 51st Ave S | Seattle, WA 98178
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- LoopNet Team
10500 51st Ave S
Seattle, WA 98178
Crestwood Place Apartments · Build-to-Rent Property For Sale
·
26 Units
INVESTMENT HIGHLIGHTS
- Convenient South Seattle location near Interstate 5, bus and light rail service, and across the street from Kubota Garden
- Value-add opportunity - Likely to achieve an all-in 7%+ cap rate
- 1979 construction with copper supply plumbing
- 26-unit community with 30 off-street parking spaces, tenant storage lockers, on-site laundry, and a leasing office
- Nearly all 2-bed units with dishwashers and many updates including dual-pane windows, newer flooring, updated cabinets, kitchens, and baths
- Affordably priced at $167,000 per unit and $225 per foot
PROPERTY FACTS
| No. Units | 26 | Total Plot Size | 0.67 ac |
| Property Type | Build-to-Rent | Property Size | 19,500 sq ft |
| Property Subtype | Apartment | No. Floors | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1979/1983 |
| Costar Property Class | C | Parking Allocation | 1.54/1,000 sq ft |
| Use Class | LR1 (M) | ||
| No. Units | 26 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.67 ac |
| Property Size | 19,500 sq ft |
| No. Floors | 3 |
| Year Built/Renovated | 1979/1983 |
| Parking Allocation | 1.54/1,000 sq ft |
| Use Class | LR1 (M) |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Heating
- Kitchen
- Wooden Floors
- Refrigerator
- Range
- Tub/Shower
- Patio
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 3 | £1,300 | 650 |
| 2+1 | 23 | £1,700 | 750 |
PROPERTY TAXES
| Parcel Number | 547620-0210 | Improvements Assessment | £2,894,502 |
| Land Assessment | £1,092,498 | Total Assessment | £3,987,000 |
PROPERTY TAXES
Parcel Number
547620-0210
Land Assessment
£1,092,498
Improvements Assessment
£2,894,502
Total Assessment
£3,987,000
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