Property Details

8716 Sand Point Way NE

Seattle, WA 98115

$5,700,000

Available

CBA# 711255 courtesy of CBA Listing firm: Kidder Mathews

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Commercial

Property Type

9,524

Bldg Sq Ft

Units

3.00%

Cap Rate

1920

Year Built

Property Overview

Positioned on the western shore of Lake Washington in the desirable Matthews Beach neighborhood just steps from the Burke-Gilman trail and a short walk from Matthews Beach, Beach Club Cottages is a 14-unit multifamily community comprised of 6 buildings on two adjacent parcels. Boasting 110 feet of lake frontage, direct beach access, boat slips, garage and off-street parking, and fully renovated, luxury units, Beach Club Cottages is a high-quality asset that should provide nearly 0% vacancy and will appeal to both apartment and owner-occupant investors. Situated in Seattle’s desirable Matthews Beach neighborhood, Beach Club Cottages is well positioned near an abundance of recreational opportunities. A dock with two on-site boat slips along with its own beach provides residents with lake a