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Multifamily

Felix Flats

121 15th Ave E, Seattle, WA 98112

Listing Price: Request For Offer

Number of Units
36
Occupancy
95.0%
Gross SF
17,526

Investment Overview

Felix Flats is a boutique multifamily asset with street-level retail space, situated in Seattle’s vibrant Capitol Hill neighborhood. The property is ideally located in the heart of Capitol Hill, giving residents unparalleled access and walkability to an array of major employers, retail amenities, restaurants, night life, and shopping. The quality podium-style asset, newly constructed in 2021 by Barcelo Homes, features a collection of 36 studio, and one-bedroom apartment homes designed for the urban-paced resident seeking a community- minded experience. The property features city skyline, mountain, and Elliott Bay views from select apartment homes and the community rooftop deck. Boasting ±17,526 net rentable square feet of apartments and ±1,249 net rentable square feet of street-level retail space, Felix Flats presents an opportunity to acquire a stable investment in one of the top multifamily investment markets in the nation featuring strong demographics and demand drivers.

Investment Highlights

  • Boutique Asset: upscale boutique apartment community developed by a renowned local company. Property features 36 best-in-class apartment homes and ±1,249 square feet of retail which is 100% leased.
  • Central Location: Walk Score of 97 and just blocks from Cal Anderson Park and Capitol Hill Light Rail Station.
  • Stylish New Construction Opportunity: artfully crafted finishes with stainless steel appliances with premium gas ranges, stone countertops, subway tile kitchen backsplashes, and luxury plank flooring.
  • Core Investment: Capitol Hill has stood the test of time, proving long-term investment value in an irreplaceable location.
  • Strong Economic Drivers: demand for office space in downtown Seattle hit a two-year high in 2021, exceeding pre-pandemic levels. Seattle's population is expected to grow 8.64% by 2024. Positive momentum in rents and leasing velocity at Felix Flats reflects regional recovery.

Exclusively Listed By

Financing By

Listing Price: Request For Offer

Number of Units
36
Occupancy
95.0%
Gross SF
17,526

Investment Highlights

  • Boutique Asset: upscale boutique apartment community developed by a renowned local company. Property features 36 best-in-class apartment homes and ±1,249 square feet of retail which is 100% leased.
  • Central Location: Walk Score of 97 and just blocks from Cal Anderson Park and Capitol Hill Light Rail Station.
  • Stylish New Construction Opportunity: artfully crafted finishes with stainless steel appliances with premium gas ranges, stone countertops, subway tile kitchen backsplashes, and luxury plank flooring.
  • Core Investment: Capitol Hill has stood the test of time, proving long-term investment value in an irreplaceable location.
  • Strong Economic Drivers: demand for office space in downtown Seattle hit a two-year high in 2021, exceeding pre-pandemic levels. Seattle's population is expected to grow 8.64% by 2024. Positive momentum in rents and leasing velocity at Felix Flats reflects regional recovery.

Investment Overview

Felix Flats is a boutique multifamily asset with street-level retail space, situated in Seattle’s vibrant Capitol Hill neighborhood. The property is ideally located in the heart of Capitol Hill, giving residents unparalleled access and walkability to an array of major employers, retail amenities, restaurants, night life, and shopping. The quality podium-style asset, newly constructed in 2021 by Barcelo Homes, features a collection of 36 studio, and one-bedroom apartment homes designed for the urban-paced resident seeking a community- minded experience. The property features city skyline, mountain, and Elliott Bay views from select apartment homes and the community rooftop deck. Boasting ±17,526 net rentable square feet of apartments and ±1,249 net rentable square feet of street-level retail space, Felix Flats presents an opportunity to acquire a stable investment in one of the top multifamily investment markets in the nation featuring strong demographics and demand drivers.

Exclusively Listed By

Financing By

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