8309 5th Ave NE
Seattle WA 98115
5th Avenue Manor
8309 5th Ave NE Seattle WA 98115
Listing #: 680065 | Status: Available | Last Modified: 4/10/2024 |
For Sale
- Phone:(206) 300-8909
- Email:david@westlakeassociates.com
- Office Name:Westlake Associates, Inc.
- Office Phone:(206) 505-9400
- Office Website:
- Agent Phone:(206) 812-9137
- Agent Email:chad@westlakeassociates.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 4,600,000.0
- $/SF$ 335.8
- $/Unit$ 4,600,000.0
- Listing StatusAvailable
- Days on Market19
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income371,412
- Vacancy Factor %5.48%
- Operating Expenses113,730
- Net Operating Income237,339
- CAP Rate 5.60 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 5.60 %
- Building StatusExisting
- # of Buildings1
- # of Floors4
- # of Units16
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF13700
- Net Rentable Area13700
- Total Office SF750
- Largest Contiguous SF
- Lot SF11151
- Acres0.26
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaN. Seattle
- Tax ID #2061100055
- Additional Parcels
- ZoningNC1-55(M)
- # Covered Spaces6
- # Uncovered Spaces9
- Total Parking Spots15
- Parking Ratio
- Year Built1969
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeWood
5th Ave Manor Apartments (16-Unit)
5th Ave Manor presents an exceptional opportunity for investors seeking ownership of a prestigious building in a highly sought-after residential locale, characterized by a scarcity of rental accommodations. With its strategic location and potential for value-add enhancement through modest kitchen, flooring, and appliance upgrades, 5th Avenue Manor promises lucrative returns. Following these enhancements, a new owner can anticipate achieving a stabilized Market CAP of 5.60%. Nestled adjacent to the scenic Green Lake Park, renowned for its myriad recreational pursuits, this coveted address offers seamless access to the University of Washington, the bustling South Lake Union Tech Core, and the vibrant Northgate shopping and entertainment hub.
