Listed by Urban Commercial Partners, LLC
$4,500,000
Beacon Flats
Details
APN 060550-0000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,575
Units 17
Cap Rate 4.85%
NOI $218,297
Occupancy 100%
Pro-Forma Cap Rate 5.97%
Pro-Forma NOI $268,846
Year Built 1957
Year Renovated 2017
Stories 3
Acreage 0.150
Zoning L-2, Seattle
Parking Spaces spaces
Multifamily | 17 Units | $276,471/unit
Marketing description
100% occupied 17-unit in North Beacon Hill. To the stud remodel. short distance from Beacon Hill Light Rail Station. The property is offered for sale individually or as a portfolio combined with Westward and Beacon View Apartments. Year 1 NOI is $268,846 with in-place Cap Rate of 5.7%. Income upside, rents slightly under market standard.
Investment highlights
Offered individually or as part of a portfolio with Westward and Beacon View Apartments
Year 1 Net Operating Income (NOI): $268,846
In-place Cap Rate: 5.7%
Rents currently below market, presenting income upside potential
This turnkey asset combines location, quality, and value-add potential—perfect for investors seeking stable cash flow with room for growth.
Listing Contacts
Listed by Urban Commercial Partners, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$218,297.00
$18,191.42/mo
Valuation Metrics
0
DSCR
4.85%
Cap Rate
4.85%
ROI
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