7329 15th Ave NW | Seattle, WA 98117
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- LoopNet Team
7329 15th Ave NW
Seattle, WA 98117
Loyal Heights 7 · Build-to-Rent Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- This partially reno'd property presents an opportunity for new ownership to implement a value-add program & increase rents to current market averages
- Prime location for residents, conveniently situated near major transit options and leading regional employers and educational institutions
- The area boasts a strong rental market, with 53% of housing units renter-occupied within a 1-mile radius; avg. effective rents reached $2,238 in 4Q24
- Renovations are projected to yield an additional $172 per unit premium, supported by strong effective rent growth in the submarket
- Owner-operated & well maintained with minimal deferred maintenance; recent upgrades include plumbing, water heaters, & electrical panels
PROPERTY FACTS
| No. Units | 7 | Total Plot Size | 0.10 ac |
| Property Type | Build-to-Rent | Property Size | 5,100 sq ft |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1912/1976 |
| Costar Property Class | C | Parking Allocation | 0.39/1,000 sq ft |
| Use Class | NC2-55 (M) | ||
| No. Units | 7 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.10 ac |
| Property Size | 5,100 sq ft |
| No. Floors | 2 |
| Year Built/Renovated | 1912/1976 |
| Parking Allocation | 0.39/1,000 sq ft |
| Use Class | NC2-55 (M) |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 1 | - | 550 |
| 1+1 | 3 | - | 550 |
| 2+1 | 3 | - | 900 - 1,100 |
PROPERTY TAXES
| Parcel Number | 751850-0770 | Improvements Assessment | £259,118 |
| Land Assessment | £757,455 | Total Assessment | £1,016,573 |
PROPERTY TAXES
Parcel Number
751850-0770
Land Assessment
£757,455
Improvements Assessment
£259,118
Total Assessment
£1,016,573
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