$5,750,000
 $30,867 est/mo Sourced by Back At You

814 Columbia Street , Seattle, WA 98104

Seattle, WA 98104

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Description

Columbia Place, a 23-unit apartment building positioned on First Hill, one of Seattle’s most charming and convenient neighborhoods for residents who work downtown. The opportunity exists for a new investor to acquire a turn-key asset that has undergone extensive interior and exterior rehabilitation in recent years. Current operations yield an average rent of $1,202 per unit, but market rent comparables suggest that rents can be raised to an average of $1,352 per unit upon lease expiration. Market rents can be captured without capital expenditure as the current ownership purchased the property vacant and thoroughly updated the property throughout. Owner financing may be available to qualified buyers.

Details

MLS#2301687
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1907
Days On Site125
Listing Provided ByBlake Investment Advisors | Gabe Blake

Features

SQ Feet7,194
Story(s)4
Units23
Acreage0.07
Property ViewYes

Market Activity 98104

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Listings Checked: 9 minutes ago
StateWA
CountyKing
CitySeattle
Zip Code98104
Area390 Central Seattle
Community NameFirst Hill
School DistrictSeattle
Listing VS Median (in First Hill)
Price:
$5,750,000
low | high
Med:
$585,000
100% of Average
SqFt:
7,194
low | high
Med:
881
100% of Average
$ / SqFt:
$799
low | high
Med:
$698
62.716607078252% of Average
On Site:
125
low | high
Med:
281.000000
44.483985765125% of Average
Sourced by Back At You
Listing Updated: January 24, 2025 at 12:21:00 PM PST