Lois Lane Apartments

2608 S Lane St Seattle WA 98144

Listing #: 595269 | Status: Sold | Closing Date: 04/02/2018 | Last Modified: 4/3/2018 |

For Sale

2608 S Lane St Seattle WA 98144

Agent Information
Showing Instructions
Call Listing AgentYes
Use DiscretionNo

Jerrid Anderson

(206) 382-8554
jerrid.anderson@colliers.com

Dylan Simon

(206) 414-8575
dylan.simon@colliers.com

Colliers International WA, LLC

(206) 223-0866

Listing Information
Price
Listing Price$ 2,300,000
$/SF$ 525.23
$/Unit$ 328,571.43
Listing StatusSold
Days On Market25
Asset ClassMulti-Family
Closed Sales Only
Actual Sold Price$ 2,300,000
$/SF$ 525.23
Closing Date04/02/2018
Selling BrokerJerrid Anderson
Investment Information
Investment TypeProforma
Investment PropYes
Gross Income$ 159,246
Vacancy Factor %4.69%
Operating Expenses$ 41,616
Net Operating Income$ 110,164
CAP Rate4.79 %
Detail Listing Information
Min Total SF4,379
Total Units7
Financial Summary
CAP Rate4.79 %
$/Unit$ 328,571.43
Expense/Unit$ 5,945.14
Asset Class Information
# Units Beds/Baths Avg SqFT
2 Studio 362
2 1Bed/1Bath 735
3 2Bed/1Bath 728
Property Information
Building Information
Building StatusExisting
# of Buildings1
# of Floors2
# of Units7
Total Building Sq/ft4,379
Net Rentable Area4,379
Lot Sq/ft4,200
Acres0.1
Property Type
Property TypeMulti-Family
InvestmentYes
Location
CountyKing
Market AreaS. Seattle
Tax ID #1250200715
Construction
Year Built1910
Year Renovated2018

Fully Renovated 7-Unit Leschi Apartment Building

Public Comments: CALL FOR OFFERS: Wednesday, March 21 View Lois Lane website Investment Highlights: - Turnkey asset - Future rent upside and appreciation - Ease of access to Eastside - 3 minute drive to future Judkins Park light rail station

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