Casa Del Rey is a 27-unit mixed-use asset with three retail shops, including a T-Mobile lease, in the heart of Capitol Hill on an iconic street. Residents step out the front door and are blocks from the Link Light Rail Station, Cal Anderson Park, and the Pike/Pine retail corridor. Apartments average 517 SF and enjoy one of Seattle’s most walkable, amenity-rich locations. Strong in-place cash flow with a clear path to a 7.5% cap by lifting average rents ~9.8% to current high-water marks. Seller will consider attractive below-market seller-financing terms; inquire for details.
Active
Listed by:
Max Frame,
Kidder Mathews
$6,200,000
321 Broadway E, Seattle, WA 98102
1beds
2baths
15,560sqft
Est.:
Multi Family
Built in 1910
-- sqft lot
$-- Zestimate®
$398/sqft
$-- HOA
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