1728 Summit Ave | Seattle, WA 98122
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- LoopNet Team
1728 Summit Ave
Seattle, WA 98122
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 | Lot Size | 0.12 AC |
| Property Type | Multifamily | Building Size | 11,097 SF |
| Property Subtype | Apartment | Average Occupancy | 97% |
| Apartment Style | Mid Rise | No. Stories | 6 |
| Building Class | B | Year Built | 2018 |
| 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
- Air Conditioning
- Heating
- Kitchen
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Furnished Units Available
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 60 | - | 153 - 300 |
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