8008 Greenwood Ave N
Seattle WA 98103

Monterey Apartments

8008 Greenwood Ave N Seattle WA 98103

Listing #: 675098 | Status: Available | Last Modified: 4/26/2024 |

For Sale
Ryan Iles
  • Phone:(206) 812-9119
  • Email:ryan@paragonrea.com
  • Office Name:Paragon Real Estate Advisors
  • Office Phone:(206) 623-8880
  • Office Website:
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 2,950,000.0
  • $/SF$ 403.6
  • $/Unit$ 2,950,000.0
  • Listing StatusAvailable
  • Days on Market141
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income227,562
  • Vacancy Factor %3.00%
  • Operating Expenses89,898
  • Net Operating Income130,837
  • CAP Rate 4.67 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 4.67 %
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors3
  • # of Units13
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF10002
  • Net Rentable Area7310
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF4182
  • Acres0.1
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building ClassB
Location
  • CountyKing
  • VicinityWest Seattle
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaGreenlake
  • Tax ID #0952002115
  • Additional Parcels0952002105
  • ZoningNC2P-55(M)
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces0
  • Total Parking Spots0
  • Parking Ratio
Construction
  • Year Built1929
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeBrick, Wood

Monterey Apartments

Public Comments

We are pleased to exclusively offer for sale the Monterey Apartments; a charming, classic brick building located in the heart of Seattle’s popular Greenwood neighborhood. Designed by respected draftsman Edwin E. Dofsen and Built in 1929, The Monterey Apartments feature elegant and timeless architecture that appeals to a broad spectrum of renters seeking character and warmth not found in typical new buildings. There are a total of 13 apartments with a balanced mix of spacious studios and one-bedrooms and a large (1,253 sqft), recently renovated two-bedroom plus den floorplan. The units are inviting and spacious, with tall ceilings, beautiful original hardwood floors, efficient floor plans, charming period details and great natural lighting. Units on the upper floor enjoy wonderful territori

Public Building Comments

The Monterey Apartments is a rare 16-unit complex in the heart of West Seattle located just 2 blocks from the “Junction” center on California Avenue.

Listing Images