Westernaire Apartments

4201 SW Graham St Seattle WA 98136

Listing #: 658951 | Status: Available | Last Modified: 3/1/2023

Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Investment Information
Investment PropYes
Gross Income365,256
Vacancy Factor %5.00%
Operating Expenses132,873
Net Operating Income214,120
CAP Rate5.71 %
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Total Units28
Retail Information
SignageSignage on Building and Freestanding
Financial Summary
CAP Rate5.710
Building Information
Building StatusExisting
# of Buildings1
# of Floors3
# of Units28
Total Building SF13,540 SF
Net Rentable Area0 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF10,000 SF
Year Built1956
Construction TypeWood
Property Type
Property TypeMulti-Family
Building ClassA
Market AreaWest Seattle
Tax ID #0826000135
Parking Information
#Covered Spaces0
# Uncovered Spaces0
Total Parking Spots0

Westernaire Apartments

Public Comments

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

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