Property Details

1201 S Cloverdale St

Seattle, WA 98108

$3,300,000

Available

CBA# 712207 courtesy of CBA Listing firm: Berkadia Real Estate Advisors, LLC

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Commercial

Property Type

11,340

Bldg Sq Ft

Units

1957

Year Built

Property Overview

Vivir presents a strategic acquisition opportunity in the West Seattle/South Seattle submarket – a most renovated, recently stabilized 20-unit property where significant value-add work has already been completed and validated through current performance. With 15 units fully renovated and achieving market-rate rents, Vivir delivers a 6.45% pro forma cap rate while offering clear upside potential. Three units are partially renovated and positioned for near-term completion, while two units remain ready for upgrades, providing straightforward execution opportunities for new ownership.The property features a diversified mix of studio, one-bedroom, and two-bedroom units averaging 568 square feet. Renovated units include luxury vinyl plank flooring, hard surface countertops, contemporary fixture