711 21st Ave | Seattle, WA 98122
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- LoopNet Team
711 21st Ave
Seattle, WA 98122
Langston Hughes Courtyard · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Assumable debt at 3.44% interest rate, Remaining Balance: $1,160,000, Term through: 6/1/2026
- 5.75% cap on cost – assuming $120k renovation budget
- $4,000/month in loss to lease with cosmetic upgrades
- Re-plumbed and updated electrical in 2018
- Core location – quick access to downtown Seattle and Bellevue
- 5/6 units are spacious 3-bedroom
Property Facts
| No. Units | 6 | Building Size | 5,835 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1900 |
| Building Class | C | Parking Ratio | 1.03/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | NR3 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,835 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 1.03/1,000 SF |
| Zoning | NR3 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Oven
- Tub/Shower
- Pantry
Property Taxes
| Parcel Number | 912610-0265 | Improvements Assessment | $1,082,600 |
| Land Assessment | $878,400 | Total Assessment | $1,961,000 |
Property Taxes
Parcel Number
912610-0265
Land Assessment
$878,400
Improvements Assessment
$1,082,600
Total Assessment
$1,961,000
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