For Sale
Call for price
306 Summit AveSeattle, WA 98102
- Added:
- Dec 11, 2024
- Days on market:
- 118
Highlights
- Five micro-housing properties totaling 249 units in Seattle's Central District and Capitol Hill, offered as a portfolio for under $135,000 per unit; assumable debt available on four properties at 4.17% fixed interest.
- Turnkey opportunity: 2009-2012 construction, fully furnished 169 sq ft units (avg.) with private bath and kitchenette; common kitchens and laundry in each building.
- Excellent locations: Walkable to major employers and public transit, including light rail; average Walk Score of 95.
- Significant rent upside: Current rents are 15% below market; potential for 10% further increase with minor upgrades.
- High occupancy: Historically high occupancy rates and rapid lease-up exceeding market averages.
Property Details for 306 Summit Ave
- Property type
- Apartment buildings
- Class
- A
- Buildings
- 6
- Units
- 249
Location Insight
- City
- Seattle
- County
- King
- State
- Washington
- Latitude
- 47.6210855
- Longitude
- -122.3250164
306 Summit Ave, Seattle, Washington
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