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Multifamily

Admiral Flats

3431 California Ave SW, Seattle, WA 98116

Listing Price: $2,775,000

Cap Rate
4.00%
Number of Units
8
Occupancy
96.0%
Price/Unit
$346,875

Investment Overview

Admiral Flats is an 8-unit apartment community constructed in 1977 and is located in the North Admiral neighborhood of West Seattle. The building sits on a 5850 square foot lot zoned LR3 RC (M). The units are comprised of one and two bedroom homes averaging 736 square feet. All 8 units have been updated with stainless steel appliances, new flooring, quartz countertops and washer/dryer. The exterior of the building has been well maintained, including new exterior lighting and a roof replaced in 2014. There are 7 off street parking spaces assigned to the tenants.

Investment Highlights

  • Excellent West Seattle Location
  • Stabalized Asset
  • Complete Unit Renovations
  • 89 Walk Score
  • Average Household Income of $155,170 within One Mile

Exclusively Listed By

Multifamily

Admiral Flats

Listing Price: $2,775,000

Cap Rate
4.00%
Number of Units
8
Occupancy
96.0%
Price/Unit
$346,875

Investment Highlights

  • Excellent West Seattle Location
  • Stabalized Asset
  • Complete Unit Renovations
  • 89 Walk Score
  • Average Household Income of $155,170 within One Mile

Investment Overview

Admiral Flats is an 8-unit apartment community constructed in 1977 and is located in the North Admiral neighborhood of West Seattle. The building sits on a 5850 square foot lot zoned LR3 RC (M). The units are comprised of one and two bedroom homes averaging 736 square feet. All 8 units have been updated with stainless steel appliances, new flooring, quartz countertops and washer/dryer. The exterior of the building has been well maintained, including new exterior lighting and a roof replaced in 2014. There are 7 off street parking spaces assigned to the tenants.

Exclusively Listed By

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