Multifamily
The McDermott
1514 Bellevue Ave, Seattle, WA 98122
Listing Price: $13,000,000
Investment Overview
83-unit apartment community located in the heart of Seattle’s Capitol Hill neighborhood. The McDermott is available for acquisition as an individual asset or as part of a larger five-property Capitol Hill portfolio totaling 321 units, providing investors with a unique opportunity to achieve operational efficiencies and economies of scale within one of Seattle’s highly sought-after rental markets.
The McDermott
Investment Highlights
- Well Maintained Asset with Pride of Ownership: Charming 1926 brick apartment community that has been meticulously maintained while preserving its historic character.
- Unmatched Capitol Hill Location: Situated in the heart of the Pike / Pine Corridor, The McDermott places residents in the heart of Seattle's most vibrant neighborhood.
- Near-Perfect Walk & Transit Scores: The property boasts a Walk Score of 99 and Transit Score of 100.
- Stable Cash Flow with Value-Add Potential: Fully stabilized community with historically strong occupancy and low resident turnover. An incoming owner can execute a value-add investment strategy.
- Potential Portfolio Sale: Available as an individual acquisition or as part of a larger Capitol Hill portfolio comprising five apartment communities totaling 321 units. The portfolio presents investors with a unique opportunity to achieve operational efficiencies and economies of scale within one of Seattle's most desirable urban submarkets.
Exclusively Listed By
Listing Price: $13,000,000
Investment Highlights
- Well Maintained Asset with Pride of Ownership: Charming 1926 brick apartment community that has been meticulously maintained while preserving its historic character.
- Unmatched Capitol Hill Location: Situated in the heart of the Pike / Pine Corridor, The McDermott places residents in the heart of Seattle's most vibrant neighborhood.
- Near-Perfect Walk & Transit Scores: The property boasts a Walk Score of 99 and Transit Score of 100.
- Stable Cash Flow with Value-Add Potential: Fully stabilized community with historically strong occupancy and low resident turnover. An incoming owner can execute a value-add investment strategy.
- Potential Portfolio Sale: Available as an individual acquisition or as part of a larger Capitol Hill portfolio comprising five apartment communities totaling 321 units. The portfolio presents investors with a unique opportunity to achieve operational efficiencies and economies of scale within one of Seattle's most desirable urban submarkets.
Investment Overview
83-unit apartment community located in the heart of Seattle’s Capitol Hill neighborhood. The McDermott is available for acquisition as an individual asset or as part of a larger five-property Capitol Hill portfolio totaling 321 units, providing investors with a unique opportunity to achieve operational efficiencies and economies of scale within one of Seattle’s highly sought-after rental markets.
Exclusively Listed By
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