for sale the capri apartments - commercialmls.com€¦ · floors, quartz counter tops, refinished...
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CONTACT US
MITCHELL BELCHERVice PresidentInvestment Properties|Multifamily +1 206 292 [email protected]
STEVEN CHATTINVice PresidentInvestment Properties|Multifamily +1 206 442 [email protected]
JAY TIMPANISenior AssociateInvestment Properties|Multifamily +1 206 292 [email protected]
Capital Markets | Investment Proper ties
FOR SALE
THE OFFERINGCBRE, Inc. is pleased to exclusively offer for sale the Capri Apartments, providing investors an opportunity to purchase a recently renovated 15-unit professionally managed building. The property is extremely well located in a prime rental area, with proximity to Northgate Mall, North Seattle Community College and the Northgate Park & Ride, offering several bus routes within walking distance. Along with the low maintenance landscaping, a trendy mid-century design and open living spaces, these apartment homes are designed for the modern discerning tenant; vacancy has been very limited since the renovation. New hardwood floors, quartz counter tops, refinished custom cabinets and some unique retro finishes make these apartments particularly appealing.
PROPERTY SUMMARY
PRICE $3,000,000
NUMBER OF UNITS 15
PRICE PER UNIT $200,000
PRICE PER SQ FT $267
CURRENT CAP RATE 5.67%
PARKING 15 spaces
ZONINGMultifamily Residential (L-3), City of Seattle
PARCEL NUMBER 344800-1435
YEAR BUILT/ RENOVATED
1962/2015
THE CAPRI APARTMENTS11521 26TH AVENUE NESEATTLE, WASHINGTON 98125
For more information on the Capri Apartments, please visit:
www.thecapriseat t le.com
FOR SALE
THE CAPRI APARTMENTS
UNIT MIX
Unit Type # of Units (±RSF) Rent Rent PSF
1BD/1 BA 6 613 $1,050 - $1,185 $1.72 - $1.94
2BD/1 BA 9 822 $1,295 - $1,400 $1.60 - $1.75
TOTALS 15 738 $1,277 $1.70
© 2016 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written content of the owner is prohibited. tl 1-27-16
1152126TH AVENUE NE
Seattle, WA 98125