2350 Beacon Avenue S, Seattle, WA 98144
Courtesy of Urban Commercial Partners, LLC
- $4,700,000
- 9,900
- SqFt
- List Price
- $4,700,000
- Status
- ACTIVE
- Days on Market
- 342
- MLS#
- 2440960
- Subtype
- Residential Income
- Style
- 56 - 10+ Units
- Year Built
- 1958
- Living Area
- 9,900
- Lot Size
- 10,415
- Acres
- 0.24
- Subdivision
- Beacon Hill
- Neighborhood
- Beacon Hill
- Building Name
- Westward Apartments
- MLS Area Major
- SODO/Beacon Hill
Property Description
Westward Apartments is a turnkey 16-unit multifamily asset located in North Beacon Hill. Built in 1958 and renovated in 2016, the property offers a mix of one-and two-bedroom units with updated finishes and modernized systems. With near 100%year-round occupancy and rents averaging $1,792 remain below the market average of $1,896, offering immediate upside through rent growth. Westward's North Beacon Hill location offers residents walkable access to transit, light rail, neighborhood amenities, and proximity to major employment hubs including the headquarters of Amazon, Microsoft, T-Mobile, Starbucks & Costco. Year 1 NOI of $266,445 and a market cap rate of 5.7%.
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Additional Information
- Exterior Features
- Brick, Wood
- Property Description
- 56 - 10+ Units
- Flooring
- Hardwood
- Heating
- Wall Furnace
- Air Conditioning
- None
- Roof
- Torch Down
- School District
- Seattle
- View
- Mountains, Territorial
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