920 6th Ave N
Seattle WA 98109
920 6th Avenue N
920 6th Ave N Seattle WA 98109
Listing #: 684054 | Status: Available | Last Modified: 10/23/2024 |
For Sale
- Phone:(360) 319-4855
- Email:tyson@paadvisors.com
- Office Name:Pacific Asset Advisors, Inc
- Office Phone:(425) 990-6200
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
SEE_NOTES
- Listing Price$ 2,750,000.0
- $/SF$ 419.2
- $/Unit$ 2,750,000.0
- Listing StatusAvailable
- Days on Market112
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income167,519
- Vacancy Factor %5.00%
- Operating Expenses66,182
- Net Operating Income92,961
- CAP Rate 3.69 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 3.69 %
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units9
- # of Elevators0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF8328
- Net Rentable Area6560
- Total Office SF
- Largest Contiguous SF
- Lot SF7667
- Acres0.18
- Property TypeMulti-Family
- Office Type
- Building ClassB
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaQueen Anne/Magnolia
- Tax ID #2249500045
- Additional Parcels
- ZoningLR3 (M)
- # Covered Spaces2
- # Uncovered Spaces3
- Total Parking Spots5
- Parking Ratio
- Year Built1959
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
920 6th Ave N Apartments
Summary: We are pleased to present the exclusive listing for this iconic 1959 garden style apartment building located at 920 6th Avenue N. This brick nine-unit apartment is located in the heart of Queen Anne with stunning views of the space needle. The building is centrally located just a short walk from South Lake Union, Climate Pledge Arena and lower Queen Anne retail core. This building offers significant upside value for the right investor with long term tenants and below market rents. The building totals 8,328 square feet and the unit mix includes seven, 1-bedroom units, and two, 2-bedroom units and is currently 100% occupied. The property zoning is LR-3 and sits on a 7,680 sf lot. The building has been professionally managed for the past 16 years and has had low vacancy rates