West Kong Yick | 508-510 7th Ave S
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West Kong Yick 508-510 7th Ave S
70 Unit Apartment Building For Sale Seattle, WA 98104
Investment Highlights
- The Kong Yick Building is located in Seattle’s 5th most walkable & transit friendly neighborhood.
Executive Summary
PREMIER OFFERING IN THE HEART OF SEATTLE’S INTERNATIONAL DISTRICT INVESTMENT OFFERING
Ideally located in the International District (ID), the Kong Yick Building is immediately south of downtown Seattle. The area is called the International District due to the neighborhood’s character and flavor, heavily influenced by its Asian population. The neighborhood boundaries are 4th Ave S (on the west) to Rainier Ave (on the east) and from Yesler Way (north) to Charles St/Dearborn (south). The subject property is located in the northern portion of the International District. Primary routes in and out of the area are 4th and 5th Ave (north/south), and Jackson and Dearborn St (east/west). Freeways I-5 and I-90 are easily accessed north of the building.
Ownership will respond to offers as presented, but reserves the right to set a definitive bid date.
Ideally located in the International District (ID), the Kong Yick Building is immediately south of downtown Seattle. The area is called the International District due to the neighborhood’s character and flavor, heavily influenced by its Asian population. The neighborhood boundaries are 4th Ave S (on the west) to Rainier Ave (on the east) and from Yesler Way (north) to Charles St/Dearborn (south). The subject property is located in the northern portion of the International District. Primary routes in and out of the area are 4th and 5th Ave (north/south), and Jackson and Dearborn St (east/west). Freeways I-5 and I-90 are easily accessed north of the building.
Ownership will respond to offers as presented, but reserves the right to set a definitive bid date.
Property Facts
| Sale Type | Investment | Lot Size | 0.33 AC |
| No. Units | 70 | Building Size | 60,236 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1910 |
| Apartment Style | Mid Rise | Opportunity Zone |
Yes
|
| Building Class | C |
| Sale Type | Investment |
| No. Units | 70 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 60,236 SF |
| No. Stories | 4 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- Controlled Access
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 35 | - | 600 |
| 1+1 | 35 | - | 750 |
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 524780-2680 | Improvements Assessment | $808,500 |
| Land Assessment | $4,608,000 | Total Assessment | $5,416,500 |
PROPERTY TAXES
Parcel Number
524780-2680
Land Assessment
$4,608,000
Improvements Assessment
$808,500
Total Assessment
$5,416,500
zoning
| Zoning Code | IDM7585 |
| IDM7585 |
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West Kong Yick | 508-510 7th Ave S
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