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The Edge Magnolia
2515 Thorndyke Ave W Seattle WA 98199
Listing #: 686350 | Status: Available | Last Modified: 9/25/2024
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 327,570 |
| Vacancy Factor % | 5.00% |
| Operating Expenses | 96,143 |
| Net Operating Income | 215,048 |
| CAP Rate | 5.45 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 5.445 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 3 |
| # of Units | 13 |
| Total Building SF | 9,420 SF |
| Net Rentable Area | 9,420 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 10,890 SF |
| Acres | 0.25 |
| Year Built | 1959 |
| Year Renovated | 2016 |
| Construction Type | Brick, Wood |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Investment | Yes |
| Building Class | B |
| Location | |
|---|---|
| County | King |
| Market Area | Queen Anne/Magnolia |
| Tax ID # | 2771600575 |
| Zoning | LR3(M) |
| Parking Information | |
|---|---|
| #Covered Spaces | 10 |
| # Uncovered Spaces | -10 |
| Total Parking Spots | 0 |
Truly Turnkey Opportunity - Magnolia 13 Units
The Edge Apartments in Seattle’s Magnolia neighborhood. Well-positioned within an attractive residential location, this 1959 constructed 13-unit building received a full renovation in 2016. The eight 1-bedroom and five 2-bedroom units all feature quartz countertops, stainless appliances, in-unit washer/dryers, as well as LVT flooring in the common areas. Top floor units feature private balconies with peek-a-boo views of the Seattle and Puget Sound skyline. Some units feature fireplaces. A second story patio area complete with a grill is a popular amenity for tenants. The building also features 10 individual secured garage and storage spaces currently generating additional revenue. With proximity to some the city’s most popular parks and golf courses, the Edge provides investors a turn
The Edge Magnolia
2515 Thorndyke Ave W Seattle WA 98199
Listing #: 686350 | Status: Available | Listing Date: 9/4/2024 | Last Modified: 9/25/2024 | Email Listing
For Sale
The Edge Magnolia
