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33432200
33432199

3056 60th Avenue Southwest, Seattle, WA 98116

CH
WA WA103072
Westlake Associates, Inc.
Westlake Associates, Inc.
Listed by Westlake Associates, Inc.
$2,650,000
5 days on market
Updated 5 days ago

3056 60th Avenue Southwest

Details
Property Type Multifamily
Square Footage 6,281
Net Rentable (SqFt) 6,281
Units 7
Cap Rate 5.45%
NOI $144,484
Pro-Forma Cap Rate 6%
Pro-Forma NOI $159,104
Price per SqFt $422
Year Built 1993
Buildings 1
Lot Size (SqFt) 5,522
Zoning LR2

Admiral 7 Unit | 5.45% Cap

Marketing description

Admiral 7 consists of seven well-designed units featuring an attractive mix of spacious townhomes and flats. The unit mix includes four 2-bed-room, 1.5-bath townhome-style units averaging approximately 1,000 square feet, two 2-bedroom, 1-bath flats averaging 814 square feet, and one large 1-bedroom unit.

Each unit offers functional and desirable layouts with large living rooms, dedicated dining areas, and open kitchens featuring modern updates. Interiors are enhanced by updated bathrooms, oversized closets, abundant natural light through large windows, and the convenience of in-unit laundry.

Situated in North Admiral, one of West Seattle’s most coveted neighborhoods, the property benefits from a unique blend of coastal lifestyle and urban convenience. Residents are just minutes from Alki Beach’s vibrant waterfront scene, while also enjoying proximity to Admiral Junction’s neighborhood amenities, grocery stores, cafes, and restaurants.

Investment highlights

  • Turn-key Asset
  • Minimal Deferred Maintenance
  • Strong In-Place Income
  • Upside Potential
  • Desirable Unit Mix
  • Rare Parking On-Site
  • Premier West Seattle Location

Listing Contacts

CH
WA WA103072
Westlake Associates, Inc.
Westlake Associates, Inc.
Listed by Westlake Associates, Inc.

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$144,484.00
$12,040.33/mo

Valuation Metrics

0
DSCR
5.45%
Cap Rate
5.45%
ROI

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Additional Information

Name
Curran Hagstrom
License
WA103072
Brokerage
Westlake Associates, Inc.
Brokerage Phone
2065059400
Title
Principal
Brokerage Address
1200 Westlake Avenue North
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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