8600 Aurora Ave N
Seattle WA 98103
The Way West Apartments
8600 Aurora Ave N Seattle WA 98103
Listing #: 677420 | Status: Pending | Last Modified: 4/23/2024 |
For Sale
- Phone:(206) 909-3314
- Email:mpeizer@comcast.net
- Office Name:Peizer Commercial Real Estate
- Office Phone:(206) 909-3314
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,486,000.0
- $/SF$ 365.6
- $/Unit$ 145,250.0
- Listing StatusPending
- Days on Market85
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income402,009
- Vacancy Factor %2.00%
- Operating Expenses122,285
- Net Operating Income271,683
- CAP Rate 8.02 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units24
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 8.02 %
- West Way Apartments Flyer_info
- Way West Apartments (24 Units) - Locator Map
- Way West Apartments (24 Units) - Aerial
- Way West Apartments (24 Units) - Site Plan (2 Buil
- Way West Apts (24 Units) - Rent Roster
- Way West Apartments - Profit Loss Statement (2023
- Way West Apartments (Seattle) - King County Assess
- CBA Flyer
- Building StatusExisting
- # of Buildings2
- # of Floors2
- # of Units24
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF10934
- Net Rentable Area9534
- Total Office SF
- Largest Contiguous SF
- Lot SF19933
- Acres0.46
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaGreenlake
- Tax ID #0993001685
- Additional Parcels
- ZoningNC3P-75(M)
- # Covered Spaces0
- # Uncovered Spaces23
- Total Parking Spots23
- Parking Ratio
- Year Built1952
- Year Renovated2014
- Completion Date
- Roof Type
- Construction TypeFramed, Wood
Way West Apartments
Strategically located in the Aurora-Licton Springs Residential Urban Village area of North Seattle, the Way West apartments offers a high cash flow asset now until future development. The Subject enjoys convenient access to Downtown Seattle via both Interstate-5 and Highway 99 (Aurora Ave. N.) and is in close proximity to the desirable Green Lake and Northgate neighborhoods. The aggressive zoning allows for mixed-use structures of multifamily, or hospitality over office or retail with street-to-street development up to 109,631 SF and a generous 75' maximum height limit. This is a rare 8.00 Cap Rate property in Seattle based on actual income!
Great visibility on busy Aurora Ave with 100 ft frontage on Aurora The lot is street to street with Nesbit Ave N on the east side also with 100 ft of frontage. 22 on-site parking stalls.
