3000 E Spruce St
Seattle WA 98122

Lago Apartments at Leschi

3000 E Spruce St Seattle WA 98122

Listing #: 678880 | Status: Available | Last Modified: 4/4/2024 |

For Sale
Tyler Smith
  • Phone:(206) 612-2475
  • Email:tsmith@northmarq.com
  • Office Name:Northmarq Commercial, LLC
  • Office Phone:(425) 454-8699
  • Office Website:
Steve Fischer
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 1,995,000.0
  • $/SF$ 419.8
  • $/Unit$ 332,500.0
  • Listing StatusAvailable
  • Days on Market61
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 5.09 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units6
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors3
  • # of Units6
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF4970
  • Net Rentable Area4752
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF5000
  • Acres0.11
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaCapitol Hill/First Hill
  • Tax ID #9363600120
  • Additional Parcels
  • ZoningNR3
Parking Information
  • # Covered Spaces4
  • # Uncovered Spaces-4
  • Total Parking Spots0
  • Parking Ratio
Construction
  • Year Built1963
  • Year Renovated
  • Completion Date
  • Roof Type7 Year Old Flat Roof
  • Construction TypeVinyl, Wood

Lago Apartments

Public Comments

We are pleased to present the Lago Apartments in Seattle’s Leschi neighborhood. Built in 1963, the property consists of six spacious 2 bedrooms units, some with Lake Washington views! All units have been renovated with flooring, paint, mill work and countertop upgrades. Exterior upgrades include exterior paint, double pane vinyl windows, new roof coating, landscaping, and fencing. The property offers 4 carport spaces and a common laundry facility. The opportunity exists for investors to raise rents to market rate and further renovate the interior to achieve premium rents. Lago Apartments is located in a tranquil neighborhood near Leschi Park and Lake Washington. Locals can enjoy miles of recreational trails while still being 10 minutes from the city’s core. Lago Apartments presents i

Listing Images