Roosevelt Apartments (Status: Pending) 12100000

1729, 12th Ave, Seattle, WA  98122

Located on a prominent corner in Capitol Hill just blocks from Downtown Seattle and the Pine/Pike Corridor, the Roosevelt Apartments is on the market for the first time in 25 years at an affordable $242,000-per-unit price point. Built in 1925, this 50-unit, brick veneer building features wide interior hallways, well maintained units, and ample parking. The Roosevelt will appeal to a variety of investors, from those who simply want a stable trophy property with rent upside, to those who are seeking a value-add property with opportunity to potentially add ±30 units. It will also be of interest to developers who are pursuing a site for a 100+ unit building with marketable retail.

Listing Details

Asset Class: Multi-Family,Land
Year Built: 1925
Building Total Square Feet: 36148
Available Lease Space Square Feet: 25994
Number of Floors: 3
Total Parking Spaces: 28
Local Zoning Information: NC3-75 (M1)

Listing Courtesy of: Kidder Mathews

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.