Rogene Apartments | 9043 35th Ave SW
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Rogene Apartments 9043 35th Ave SW
13 Unit Apartment Building $2,995,000 ($230,385/Unit) 5.67% Cap Rate Seattle, WA 98126
Executive Summary
Foundation Group is pleased to exclusively offer for sale the Rogene Apartments, a fully renovated 13-unit building in West Seattle. The property provides an opportunity to buy a covered land play while cash flowing with a fully stabilized asset. Rogene has near term upside of adding a studio unit in the maintenance room and continuing to push rental rates as this part of West Seattle continues to transform. This is apparent by the development of the 44-unit Westwood Apartments that was built across the street. With the Rogene sitting on 13,216 feet NC2P-55 zoned land the future is limitless for this site.
Property Facts
| Price | $2,995,000 | Apartment Style | Low Rise |
| Price Per Unit | $230,385 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 5.67% | Building Size | 9,300 SF |
| Gross Rent Multiplier | 14.35 | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.01/1,000 SF |
| Price | $2,995,000 |
| Price Per Unit | $230,385 |
| Sale Type | Investment |
| Cap Rate | 5.67% |
| Gross Rent Multiplier | 14.35 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 9,300 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.01/1,000 SF |
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+0 | 2 | - | - |
| 1+1 | 9 | - | - |
| 2+1 | 2 | - | - |
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Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 249120-0880 | Improvements Assessment | $1,715,600 |
| Land Assessment | $1,255,500 | Total Assessment | $2,971,100 |
PROPERTY TAXES
Parcel Number
249120-0880
Land Assessment
$1,255,500
Improvements Assessment
$1,715,600
Total Assessment
$2,971,100
zoning
| Zoning Code | NC2P-55 |
| NC2P-55 |
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Rogene Apartments | 9043 35th Ave SW
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