Carleton Apartments

6631 Carleton Ave S Seattle WA 98108

Listing #: 599591 | Status: Expired |

For Sale

6631 Carleton Ave S Seattle WA 98108

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

Matt Laird

(206) 624-7416
matt.laird@colliers.com

Thomas Geffner

(206) 654-0528
thomas.geffner@colliers.com

Colliers International WA, LLC

(206) 223-0866

Listing Information
Price
Listing Price$ 2,295,000
$/SF$ 413.51
$/Unit$ 286,875.00
Listing StatusExpired
Asset ClassMulti-Family
Investment Information
Investment TypeProforma
Investment PropYes
Gross Income$ 181,440
Vacancy Factor %5.00%
Operating Expenses$ 43,988
Net Operating Income$ 128,380
CAP Rate5.59 %
Financial Summary
CAP Rate5.59 %
$/Unit$ 286,875.00
Expense/Unit$ 5,498.50
Asset Class Information
# Units Beds/Baths Avg SqFT
Unknown
Property Information
Building Information
Building StatusExisting
# of Buildings1
# of Floors2
# of Units8
# of Elevators0
Total Building Sq/ft5,550
Net Rentable Area5,550
Lot Sq/ft4,521
Acres0.1
Property Type
Property TypeMulti-Family
InvestmentYes
Location
CountyKing
Market AreaS. Seattle
Tax ID #2734100196
ZoningL-2
Parking Information
# Uncovered Spaces8
Total Parking Spots8
Construction
Year Built1991
Year Renovated2018

Public Comments: 8-Unit turn-key apartment building located in the emerging Georgetown neighborhood. This asset is already achieving rents 100% above pre-renovation leases. Property appreciation in the Georgetown submarket has grown 300% since 2012. Units feature in-unit washer/dryers, stainless steel appliances, with new kitchens and new flooring throughout. Contact listing broker to schedule a tour.

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