This Multifamily Property is no longer advertised on LoopNet.com.
1728 Summit Ave
Brava by aPodment Suites · Multifamily Property For Sale
·
60 Units
INVESTMENT HIGHLIGHTS
Six-story turnkey asset in Seattle consisting of 57 micro units and 3 SEDUs; viable housing options for low to moderate income-earning residents
In-place rents average nearly $95 below market rate with new ownership able to achieve up to $6.27 per square foot
Considered a Walker’s Paradise with a 97 Walk Score, a Rider’s Paradise with a 93 Transit Score, and Very Bikeable with an 82 Bike Score
Assumable loan of $3,850,000 at 4.05%, maturing in April 2029
Robust renter pool within one-mile radius (53% of housing units are renter-occupied)
PROPERTY FACTS
No. Units
60
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Mid-Rise
Building Class
B
Lot Size
0.12 AC
Building Size
11,097 SF
Average Occupancy
97%
No. Stories
6
Year Built
2018
UNIT AMENITIES
Wheelchair Accessible (Rooms)
SITE AMENITIES
Furnished Units Available
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
Studios
60
-
153 - 300
