714 7th Ave
Seattle WA 98104

Zindorf Apartments

714 7th Ave Seattle WA 98104

Listing #: 684469 | Status: Available | Last Modified: 9/23/2024 |

For Sale
Jerrid Anderson
Matt Laird
Jack Shephard
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 11,000,000.0
  • $/SF$ 414.4
  • $/lot sf$ 917.4
  • $/Unit$ 11,000,000.0
  • Listing StatusAvailable
  • Days on Market114
  • Asset ClassMulti-Family, Land
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income1,143,604
  • Vacancy Factor %5.00%
  • Operating Expenses465,262
  • Net Operating Income621,161
  • CAP Rate 6.17 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Topography
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 6.17 %
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors5
  • # of Units74
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF26545
  • Net Rentable Area26545
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF11991
  • Acres0.28
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building ClassB
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaCapitol Hill/First Hill
  • Tax ID #8590400465
  • Additional Parcels8590400468
  • ZoningHR(M)
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces18
  • Total Parking Spots18
  • Parking Ratio
Construction
  • Year Built1911
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction Type

Zindorf Apartments

Public Comments

Zindorf offers a unique opportunity to acquire both the 74-unit property and the adjacent parking lot as a long-term covered land play. The coveted High-Rise (HR) zoning at 440’ provides the buyer with the chance to redevelop the site into a trophy high-rise asset or sell it to a developer as part of an assemblage in the future.

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