1120 14th Ave S
Seattle WA 98144
Parkview Apartments
1120 14th Ave S Seattle WA 98144
Listing #: 672629 | Status: Available | Last Modified: 5/1/2024 |
For Sale
- Phone:(206) 812-9119
- Email:ryan@paragonrea.com
- Office Name:Paragon Real Estate Advisors
- Office Phone:(206) 623-8880
- Office Website:
- Agent Phone:(206) 812-9105
- Agent Email:nhemming@paragonrea.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,799,000.0
- $/SF$ 435.7
- $/Unit$ 215,307.7
- Listing StatusAvailable
- Days on Market212
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income214,991
- Vacancy Factor %3.00%
- Operating Expenses58,578
- Net Operating Income149,963
- CAP Rate 5.59 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units13
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 5.59 %
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units13
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF7228
- Net Rentable Area6424
- Total Office SF
- Largest Contiguous SF
- Lot SF18731
- Acres0.43
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyKing
- VicinityBeacon Hill
- Location Description
- Second Address
- Cross Street
- Market AreaS. Seattle
- Tax ID #2829600260
- Additional Parcels
- ZoningLR3(M)
- # Covered Spaces0
- # Uncovered Spaces13
- Total Parking Spots13
- Parking Ratio
- Year Built1958
- Year Renovated
- Completion Date
- Roof TypeTorchdown
- Construction TypeMasonry
Parkview Apartments
Attractive 13 unit apartment building located in the highly desirable N Beacon Hill neighborhood. The Parkview has undergone a series of recent upgrades, including new exterior paint and remodeled units boasting new cabinets, stone countertops, flooring, and appliance packages. The building is thoughtfully equipped with a secured entry, low-maintenance landscaping, a spacious patio for tenants, as well as common laundry facilities and ample parking. Prospective buyers will find additional upside by capitalizing on the development possibilities of this generously sized 13,074 square foot LR3 (M) zoned lot. With ample space available, there is room to re-imagine the existing parking area and potentially add more units.
