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The Way West Apartments
8600 Aurora Ave N Seattle WA 98103
Listing #: 677420 | Status: Pending | Last Modified: 4/23/2024
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 402,009 |
| Vacancy Factor % | 2.00% |
| Operating Expenses | 122,285 |
| Net Operating Income | 271,683 |
| CAP Rate | 8.02 % |
| 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 | 24 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 8.024 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 2 |
| # of Floors | 2 |
| # of Units | 24 |
| Total Building SF | 10,934 SF |
| Net Rentable Area | 9,534 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 19,933 SF |
| Acres | 0.46 |
| Year Built | 1952 |
| Year Renovated | 2014 |
| Construction Type | Framed, Wood |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Investment | Yes |
| Location | |
|---|---|
| County | King |
| Market Area | Greenlake |
| Tax ID # | 0993001685 |
| Zoning | NC3P-75(M) |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 23 |
| Total Parking Spots | 23 |
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.
The Way West Apartments
8600 Aurora Ave N Seattle WA 98103
Listing #: 677420 | Status: Pending | Listing Date: 2/10/2024 | Last Modified: 4/23/2024 | Email Listing
For Sale
The Way West Apartments
