999 Hiawatha Apartments

999 Hiawatha Pl S Seattle WA 98144-2816

Listing #: 602476 | Status: New | Last Modified: 10/1/2018 |

For Sale

999 Hiawatha Pl S Seattle WA 98144-2816

Agent Information
Showing Instructions
Call Listing AgentYes
Use DiscretionYes

Pam Krug, CCIM

(206) 523-2552
pam@seavest.com

Seavest Realty Inc.

(206) 523-2552

Listing Information
Price
Listing Price$ 38,000,000
$/SF$ 635.05
$/Unit$ 380,000.00
Listing StatusNew
Days On Market21
Asset ClassMulti-Family
TermsAssumption of underlying mortgage ($13,929,906) at 4.16% interest, 30 year amortization, 15 year term which commenced 9.14.
Surveys Available
EnvironmentalYes
BoundaryYes
Investment Information
Investment TypeProforma
Investment PropYes
Gross Income$ 2,405,986
Vacancy Factor %5.00%
Operating Expenses$ 679,677
Net Operating Income$ 1,606,009
CAP Rate4.23 %
Documents (Num of Years Available)
YTD Operating StatementYes
Multi-Family Asset Class General Information
Num Dishwashers100
Financial Summary
CAP Rate4.23 %
$/Unit$ 380,000.00
Expense/Unit$ 6,796.77
Asset Class Information
# Units Beds/Baths Avg SqFT
50 Studio 632
41 1Bed/1Bath 668
6 2Bed/2Bath 845
3 Other 1052
Property Information
Building Information
Building StatusExisting
# of Buildings1
# of Floors4
# of Units100
Total Building Sq/ft109,615
Net Rentable Area59,838
Lot Sq/ft29,000
Acres0.67
Property Type
Property TypeMulti-Family
InvestmentYes
Location
CountyKing
Location DescriptionDearborn Corridor close to I-90
Cross StreetS. Bush Pl
Market AreaCapitol Hill/First Hill
Tax ID #7132300335
Additional Parcels7132300345
ZoningNC3-40
Parking Information
# Covered Spaces129
Total Parking Spots129
Construction
Year Built2014
Construction TypeFramed

Public Comments: 1/2 block from Light Rail station to open 2023. Minutes from Downtown Seattle. Two rooftop terraces with views of Sea skyline and Mt Rainier. Across from park. Chef dream Kitchens. Full size washer and dryers. Seasonal herb gardens. Park like landscaped courtyard for morning coffee. Bike across the street Lake Washington. Easy access to I-5 and I-9.0

Showing Instructions: Showing only through listing agent.

Listing Images

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