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The Chateau 119 19th Ave

21 Unit Block of Flats £5,085,925 (£242,187/Unit) 5.32% Net Initial Yield Seattle, WA 98122

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Executive Summary

CBRE proudly presents The Chateau Apartments in Seattle’s Squire Park neighborhood. Sitting on a 23,040 sq. ft. corner lot, just five minutes from downtown Seattle, the Chateau is a three-story building with 21 total units. Featuring 8 one-bedroom units, 12 two-bedroom units, and a large 1,071 sq. ft. 3-bedroom unit, the Chateau has an attractive unit mix for a diverse pool of renters in the neighborhood. Additionally, the large lot is zoned LR3 (M) and would be suitable for future apartment or townhome development. In fact, a MUP was issued in 2019 for a 70-unit apartment building.

Chateau - Flyer

Property Facts

Price	£5,085,925	Building Class	C
Price Per Unit	£242,187	Lot Size	0.53 AC
Sale Type	Investment	Building Size	18,778 SF
Net Initial Yield	5.32%	Number of Floors	2
No. Units	21	Year Built/Renovated	1963/2023
Property Type	Residential	Parking Ratio	1.12/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	£5,085,925
Price Per Unit	£242,187
Sale Type	Investment
Net Initial Yield	5.32%
No. Units	21
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.53 AC
Building Size	18,778 SF
Number of Floors	2
Year Built/Renovated	1963/2023
Parking Ratio	1.12/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.