1512 12th Ave S
Seattle WA 98144

Beacon Hill 7-Unit

1512 12th Ave S Seattle WA 98144

Listing #: 682764 | Status: Available | Last Modified: 9/12/2024 |

For Sale
Brian Platt
  • Phone:(206) 812-9130
  • Email:brianp@paragonrea.com
  • Office Name:Paragon Real Estate Advisors
  • Office Phone:(206) 623-8880
  • Office Website:
Michael Urquhart
Ben Douglas
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 2,095,000.0
  • $/SF$ 620.4
  • $/Unit$ 299,285.7
  • Listing StatusAvailable
  • Days on Market110
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income152,133
  • Vacancy Factor %5.00%
  • Operating Expenses27,304
  • Net Operating Income117,222
  • CAP Rate 5.96 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units7
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 5.96 %
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors4
  • # of Units7
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF3377
  • Net Rentable Area3377
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF6011
  • Acres0.14
Property Type
  • Property TypeMulti-Family
  • Office Type
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaS. Seattle
  • Tax ID #7660100240
  • Additional Parcels
  • ZoningLR3 (M)
Construction
  • Year Built2024
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction Type

Beacon Hill 7-Unit

Public Comments

We are excited to announce the exclusive listing of the Beacon Hill 7-Unit, a turnkey 2024 construction building on the northern point of Beacon Hill. This property is fully vacant, with TCO pending, which offers investors the chance to lease the units at market rates to their ideal tenants. The building features a unique mix of units: one 3-bedroom/1-bath unit with ADA accessibility and an attached secure garage, two 1-bedroom/1-bath units, and four Loft SEDU units. Each unit is designed with LVP flooring, quartz countertops, stainless steel appliances, dishwashers, and high-end kitchen and bathroom vanities. In addition, the units feature air conditioning units, washers/dryers and lots of abundant nature light enhancing the tenants living experience while also provide an investor the o

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