4201 SW Graham St
Seattle WA 98136
Westernaire Apartments
4201 SW Graham St Seattle WA 98136
Listing #: 658951 | Status: Available | Last Modified: 5/3/2023 |
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) 812-9119
- Agent Email:ryan@paragonrea.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 4,950,000.0
- $/SF$ 365.6
- $/Unit$ 176,785.7
- Listing StatusAvailable
- Days on Market207
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income442,491
- Vacancy Factor %0.00%
- Operating Expenses142,793
- Net Operating Income299,698
- CAP Rate 6.06 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units28
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 6.06 %
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units28
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF13540
- Net Rentable Area
- Total Office SF
- Largest Contiguous SF
- Lot SF10000
- Acres0.23
- Property TypeMulti-Family
- Office Type
- Building ClassA
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaWest Seattle
- Tax ID #0826000135
- Additional Parcels
- ZoningLR3
- # Covered Spaces0
- # Uncovered Spaces0
- Total Parking Spots0
- Parking Ratio
- Year Built1956
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeWood
Westernaire Apartments
Under $200K a Unit, 6.05% proforma cap, great location close to retail, entertainment and services. With clean and cool mid-century architecture, the Westernaire sits proudly on a 10,000 square foot corner lot just one block from California Ave in a wonderful West Seattle location. On the market for the first time in over 30 years, the Westernaire features a total of 28 apartments with 27, one-bedroom units and 1, larger two-bedroom unit. The property has been well-maintained and managed by the current local owners with a focus on stability and low-turnover and is perfectly positioned for new ownership that wants a stable, turn-key asset or a value-add property to renovate and “reposition”. The ability to acquire a well-maintained and well-located, 28 unit mid-century apartment building wi
