Property Details

4731 12th Avenue NE

Seattle, WA 98105

$6,500,000

Available

CBA# 714229 courtesy of CBA Listing firm: Lee & Associates Commercial Real Estate Services

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Commercial

Property Type

25,500

Bldg Sq Ft

Units

1961

Year Built

Property Overview

The Laureate presents a rare opportunity to acquire a well-maintained 23-unit multifamily asset building in the heart of the Seattle’s University District neighborhood and walking distance to both the University of Washington and the Link Light Rail Station. Originally built in 1961, the property benefits from recent extensive capital improvements and interior renovations, positioning the asset as a compelling combination of stable in-place income and future revenue growth potential.Ownership has invested significantly in the systems over the past five years: including a membrane roof replacement, replacement of all individual hot water tanks, securing and gating the parking for 17 vehicles, as well as overhauling the sprinkler system. These improvements substantially reduce near-term ca