3000 E Spruce St
Seattle WA 98122
Lago Apartments at Leschi
3000 E Spruce St Seattle WA 98122
Listing #: 678880 | Status: Available | Last Modified: 6/18/2024 |
For Sale
- Phone:(206) 612-2475
- Email:tsmith@northmarq.com
- Office Name:Northmarq Commercial, LLC
- Office Phone:(425) 454-8699
- Office Website:
- Agent Phone:(425) 830-2254
- Agent Email:sfischer@northmarq.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,995,000.0
- $/SF$ 419.8
- $/Unit$ 332,500.0
- Listing StatusAvailable
- Days on Market124
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 5.09 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units6
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units6
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF4970
- Net Rentable Area4752
- Total Office SF
- Largest Contiguous SF
- Lot SF5000
- Acres0.11
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaCapitol Hill/First Hill
- Tax ID #9363600120
- Additional Parcels
- ZoningNR3
- # Covered Spaces4
- # Uncovered Spaces-4
- Total Parking Spots0
- Parking Ratio
- Year Built1963
- Year Renovated
- Completion Date
- Roof Type7 Year Old Flat Roof
- Construction TypeVinyl, Wood
Lago Apartments
We are pleased to present the Lago Apartments in Seattle’s Leschi neighborhood. Built in 1963, the property consists of six spacious 2 bedrooms units, some with Lake Washington views! All units have been renovated with flooring, paint, mill work and countertop upgrades. Exterior upgrades include exterior paint, double pane vinyl windows, new roof coating, landscaping, and fencing. The property offers 4 carport spaces and a common laundry facility. The opportunity exists for investors to raise rents to market rate and further renovate the interior to achieve premium rents. Lago Apartments is located in a tranquil neighborhood near Leschi Park and Lake Washington. Locals can enjoy miles of recreational trails while still being 10 minutes from the city’s core. Lago Apartments presents i