Columbia Place, a 23-unit apartment building positioned on First Hill, one of Seattle's most charming and convenient neighborhoods for residents who work downtown. The opportunity exists for a new investor to acquire a turn-key asset that has undergone extensive interior and exterior rehabilitation in recent years. Current operations yield an average rent of $1,202 per unit, but market rent comparables suggest that rents can be raised to an average of $1,352 per unit upon lease expiration. Market rents can be captured without capital expenditure as the current ownership purchased the property vacant and thoroughly updated the property throughout. Owner financing may be available to qualified buyers.
|
DAYS ON MARKET
|
2
|
LAST UPDATED
|
10/14/2024
|
|
TRACT
|
First Hill
|
YEAR BUILT
|
1907
|
|
COMMUNITY
|
First Hill
|
COUNTY
|
King
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
| AIR |
None |
| AREA |
390 - Central Seattle |
| CONSTRUCTION |
Stucco |
| HEAT |
Baseboard, Electric |
| LOT |
2879 sq ft |
| STORIES |
4 |
| STYLE |
56 - 10+ Units |
| SUBDIVISION |
First Hill |
| TAXES |
37576 |
| UTILITIES |
Sewer Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/16/24 4:25 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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