13711 32nd Ave Seattle, WA 98125 – Shelli Apartments

13711, 32nd Ave, Seattle, WA  98125

For Sale

Type
For Sale / Multi Family

Shelli Apartments (Status: Available) 4750000

13711, 32nd Ave, Seattle, WA  98125

Located at 13711 32nd Ave NE in Lake City, Shelli is a 20-unit apartment community tuckedaway against a quiet stream with easy access toanywhere in the greater Seattle area via SR-522 orI-5. Built in 1968, Shelli is positioned as a perfectvalue add play for investors looking to generateoutsized returns through a renovation program.With a desirable unit mix of 12 one-bedroom and 8two-bedroom homes averaging 820 square feet, anincoming investor should be able to achieve rents$200+ above current levels by implementing a cosmeticrenovation program. Several comparable propertiesin the immediate area have done renovations similarto the scope proposed for Shelli and are achievingsignificant premiums to their classic style counterparts.Lake City is one of Seattle’s most interesting

Listing Details

Asset Class: Multi-Family
Year Built: 1968
Building Total Square Feet: 15700
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information: LR3

CBA

Listing Courtesy of: Marcus & Millichap, Inc.

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.

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