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Westernaire Apartments
4201 SW Graham St Seattle WA 98136
Listing #: 658951 | Status: Available | Last Modified: 3/1/2023
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 365,256 |
| Vacancy Factor % | 5.00% |
| Operating Expenses | 132,873 |
| Net Operating Income | 214,120 |
| CAP Rate | 5.71 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Total Units | 28 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 5.710 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 3 |
| # of Units | 28 |
| Total Building SF | 13,540 SF |
| Net Rentable Area | 0 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 10,000 SF |
| Acres | 0.23 |
| Year Built | 1956 |
| Construction Type | Wood |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Building Class | A |
| Location | |
|---|---|
| County | King |
| Market Area | West Seattle |
| Tax ID # | 0826000135 |
| Zoning | LR3 |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 0 |
| Total Parking Spots | 0 |
Westernaire Apartments
Under $200K a Unit, 5.71% 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
Westernaire Apartments
4201 SW Graham St Seattle WA 98136
Listing #: 658951 | Status: Available | Listing Date: 11/2/2022 | Last Modified: 3/1/2023 | Email Listing
For Sale
Westernaire Apartments
