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Additional details
Listed by:Urban Commercial Partners, LLC • Pat Suarez
$ 6,500,000
Est. payment /mo
Pending
2440 Alki AVE SW Seattle, WA 98116
24 Beds
20 Baths
9,694 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Subdivision Alki
MLS Listing ID 2484395
Style 56 - 10+ Units
Bedrooms 24
Year Built 1984
Annual Tax Amount $45,450
Lot Size 9,694 Sqft
Property Sub-Type Multi Family
Property Description
Rare opportunity to acquire the Alki Surf Apartments, a trophy waterfront asset in the heart of West Seattle's iconic Alki Beach - one of Seattle's most coveted waterfront corridors with unobstruted west facing views of Puget Sound. First time on the market since the asset was originally developed in 1984. 10 large residential units including (6) 2 bed/2 bath units and (4) 3 bed/2 bath units all with private west-facing balconies. This opportunity offers immediate upside with minimal capital investment. In place rents are approximately 20% below market with additional income growth available through the optimization of utility reimbursement and parking income. Recent Capital Improvements include: New Roof, New Windows, Exterior Paint, New Decks and New Gutters. Must see!
Location
State WA
County King
Area 140 - West Seattle
Interior
Fireplace false
Exterior
Exterior Feature Stucco
Waterfront Description Sound
View Y/N Yes
View Sound
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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