$4,450,000
The Edge Magnolia
Listing Type: For Sale
Property Type: Multi-Family
Status: Available
CBA ID#: 671553
Property Type: Multi-Family
Status: Available
CBA ID#: 671553
Marketing Description:
The Lee & Associates | Northwest Multifamily Team is pleased to present The Edge Apartments in the Magnolia neighborhood. Well-positioned within an attractive residential location in Seattle, 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 have 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’Land Features:
- Lot Size: 10890 SqFt
- Lot Acreage: 0.25 Acres
- Zoning: LR3(M)
- Covered Parking: 10
Building Features:
- Building Size: 9420 SqFt
- Number of Floors: 3
- Cap Rate: 4.81%
- Year Built: 1959
This Listing Supplied Courtesy of Lee & Associates Comm R.E Serv
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
