2350 Beacon Ave S | Seattle, WA 98144
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2350 Beacon Ave S
Seattle, WA 98144
Westward Apartments · Residential Property For Sale · 16 Units
Executive Summary
100% occupied 16-unit in North Beacon Hill. 6-minute walk from Beacon Hill Light Rail Station. The property is offered for sale individually or as a portfolio combined with Beacon Flats and Beacon View Apartments. Current NOI is $257,742 with in-place Cap Rate of 5.5%. Marginal income upside, rents slightly under market standard.
PROPERTY FACTS
| Price Per Unit | £231,387 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Net Initial Yield | 5.48% | Building Size | 9,900 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 16 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1958/2015 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price Per Unit | £231,387 |
| Sale Type | Investment |
| Net Initial Yield | 5.48% |
| Sale Conditions | 1031 Exchange |
| No. Units | 16 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 9,900 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1958/2015 |
| Opportunity Zone |
Yes |
Unit Amenities
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Grill
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 13 | £1,347 | 625 |
| 2+1 | 3 | £1,696 | 883 |
PROPERTY TAXES
| Parcel Number | 539360-0403 | Improvements Assessment | £1,386,431 |
| Land Assessment | £1,066,467 | Total Assessment | £2,452,898 |
PROPERTY TAXES
Parcel Number
539360-0403
Land Assessment
£1,066,467
Improvements Assessment
£1,386,431
Total Assessment
£2,452,898
zoning
| Zoning Code | SF 5000 |
| SF 5000 |
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