203 Belmont Ave E | Seattle, WA 98102
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- LoopNet Team
203 Belmont Ave E
Seattle, WA 98102
Sealth Vista Apartments · Multifamily Property For Sale
·
40 Units
INVESTMENT HIGHLIGHTS
- The Perfect mix of history with modern touches for this 40-unit building with stunning views of city and Sound on desirable Capitol Hill.
- Trophy property with stunning, unobstructed views you can land bank for future development.
- Beautifully renovated apartment homes: interiors gutted to studs and redone new SS appliances, cabinets, tile, and high-end fixtures.
- Recent major upgrades include electrical, plumbing, heating, windows, insulation, earthquake retrofit, roof, and new laundry room with SPA machines.
- Strong rental performance in the Capitol Hill sub-market with a 5.0% 2023 CAP rate with upside ROI, and current rents ~17% below market.
- Desirable corner view lot, with amazing mixed-use redevelopment potential through adjoining, premier view lots 7,200 & 4,800 SF available separately.
PROPERTY FACTS
| No. Units | 40 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 19,300 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1923/2017 |
| Building Class | B | ||
| Zoning | MR (M) - Mid-Rise, mixed use, up to 8 stories. | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 19,300 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1923/2017 |
| Zoning | MR (M) - Mid-Rise, mixed use, up to 8 stories. |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Tile Floors
- Crown Molding
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Double Pane Windows
- Freezer
- Island Kitchen
- Window Coverings
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
- Recycling
- Vintage Building
- Storage Space
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | 450 - 470 |
| 1+1 | 32 | - | 480 - 535 |
| 2+1 | 3 | - | 780 |
PROPERTY TAXES
| Parcel Number | 684820-0595 | Improvements Assessment | $5,110,000 |
| Land Assessment | $2,880,000 | Total Assessment | $7,990,000 |
PROPERTY TAXES
Parcel Number
684820-0595
Land Assessment
$2,880,000
Improvements Assessment
$5,110,000
Total Assessment
$7,990,000
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