2440 Alki Avenue SW Seattle, WA 98116
2440 Alki Avenue SW
Seattle, WA 98116
$6,500,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
Rare opportunity to acquire the Alki Surf Apartments, a trophy waterfront asset in the heart of West Seattle's iconic Alki Beach - one of Seattle's most coveted waterfront corridors with unobstruted west facing views of Puget Sound. First time on the market since the asset was originally developed in 1984. 10 large residential units including (6) 2 bed/2 bath units and (4) 3 bed/2 bath units all with private west-facing balconies. This opportunity offers immediate upside with minimal capital investment. In place rents are approximately 20% below market with additional income growth available through the optimization of utility reimbursement and parking income. Recent Capital Improvements include: New Roof, New Windows, Exterior Paint, New Decks and New Gutters. Must see!
Property Features
Community: Alki
10+ Units
View: Sound
Waterfront: Sound
Exterior: Stucco
Roof: Composition
Year Built: 1984
2025 Taxes: $45450.00
Buyer Broker Comp.: 1.0%
Listing #: 2484395
Lot Details
Lot Size: 0.22 acres
No. of Units: 10
Interior
Cooling: None
Heating: Baseboard
Electric
Common Features
Elevator
Thermal Windows
Call or Email:
Grace Wamwere
What's Near 2440 Alki Avenue SW Seattle, WA 98116?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
DMCA Notice 
Courtesy of Urban Commercial Partners, LLC
