3624 Phinney Ave N
Seattle WA 98103
Quincy Apartments
3624 Phinney Ave N Seattle WA 98103
Listing #: 687290 | Status: Pending | Last Modified: 10/31/2024 |
For Sale
- Phone:(425) 462-6918
- Email:dean.johnson@cbre.com
- Office Name:CBRE
- Office Phone:(253) 572-6355
- Office Website:www.cbre.com
- Agent Phone:(206) 442-2735
- Agent Email:peter.wright@cbre.com
- Agent Phone:(206) 292-1600
- Agent Email:reed.hunter@cbre.com
- Agent Phone:(425) 462-6945
- Agent Email:chris.johnson3@cbre.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 6,950,000.0
- $/SF$ 463.7
- $/Unit$ 6,950,000.0
- Listing StatusPending
- Days on Market63
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 5.64 %
- 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
- Building StatusExisting
- # of Buildings1
- # of Floors4
- # of Units22
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF23693
- Net Rentable Area14988
- Total Office SF
- Largest Contiguous SF
- Lot SF10019
- Acres0.23
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaFremont/Ballard
- Tax ID #1972200480
- Additional Parcels
- ZoningLR3(M)
- Year Built1987
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Quincy Apartments
WE are proud to exclusively offer for sale The Quincy Apartments, an exceptional 22-unit light value-add opportunity located in Seattle’s popular Fremont neighborhood. Built in 1987, the property features a desirable mix of spacious 1- and 2-bedroom layouts with decks and fireplaces, a secure parking garage with 24 spaces, and in-unit washer/dryer hookups. With current rental rates below market, a buyer has the potential to increase NOI and cash flow through improved management. Residents benefit from the proximity to cafes, bars and restaurants on 36th Street, such as Fremont Coffee Company, The George & Dragon, and Local Tide. They can also walk to work at major tech employers located in the neighborhood or catch the RapidRide E Line to Downtown or South Lake Union. On the market for t
