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Twin Cedars Apartments 3510 W Elmore St Immeuble residentiel 8 lots 2 102 928 € (262 866 €/Lot) Taux de capitalisation 5,28 % Seattle, WA 98199
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Prime Magnolia Location - Steps from Discovery Park
- Stabilized Asset with Immediate Upside - In-Place RUBS & Pet Rent, Uncaptured Parking & Bike Storage Income Available
- Tenant-Favored Unit Mix - 5 Spacious 2 Bedroom Units
- Clear Value-Add Path - Addition of In-Unit Laundry Upon Turnover
Résumé analytique
We are pleased to present Twin Cedars Apartments, an 8-unit apartment community built in 1968 in Seattle’s coveted Magnolia neighborhood, within steps of Discovery Park. The building offers three one-bedrooms averaging 732 square feet and five two-bedrooms averaging 967 square feet, with efficient, light-filled floor plans designed for livability. With two-bedroom units comprising 63% of the building, the unit mix is squarely aligned with the unit type that drives the strongest tenant demand and longest retention across Seattle’s rental market.
Seven of the eight units have been updated with stone countertops and LVP flooring, delivering a modernized interior foundation that appeals to today’s renters. Cedar siding resided in 2020 and a roof replacement the same year keep the exterior in sound condition, and a newly improved bike storage room adds a practical amenity that current ownership has not yet monetized. Parking income similarly remains uncaptured, giving a new owner immediate, low-effort revenue opportunities from day one.
Twin Cedars operates with discipline already in place. RUBS and pet rent keep utility costs off the owner’s bottom line, and a stable, long-tenured tenant base reflects both the building’s quality and the neighborhood’s enduring appeal. With in-place rents close to market, the clearest path to income growth is the addition of in-unit laundry upon turnover. Comparable Magnolia buildings demonstrate rental premiums of 15% or more from this single upgrade, and combined with parking and bike storage activation, the income levers are identified, accessible, and ready for a new owner to execute.
Seven of the eight units have been updated with stone countertops and LVP flooring, delivering a modernized interior foundation that appeals to today’s renters. Cedar siding resided in 2020 and a roof replacement the same year keep the exterior in sound condition, and a newly improved bike storage room adds a practical amenity that current ownership has not yet monetized. Parking income similarly remains uncaptured, giving a new owner immediate, low-effort revenue opportunities from day one.
Twin Cedars operates with discipline already in place. RUBS and pet rent keep utility costs off the owner’s bottom line, and a stable, long-tenured tenant base reflects both the building’s quality and the neighborhood’s enduring appeal. With in-place rents close to market, the clearest path to income growth is the addition of in-unit laundry upon turnover. Comparable Magnolia buildings demonstrate rental premiums of 15% or more from this single upgrade, and combined with parking and bike storage activation, the income levers are identified, accessible, and ready for a new owner to execute.
Informations sur l’immeuble
| Prix | 2 102 928 € | Style d’appartement | De faible hauteur |
| Prix par lot | 262 866 € | Classe d’immeuble | C |
| Type de vente | Investissement | Surface du lot | 0,06 ha |
| Taux de capitalisation | 5,28 % | Surface de l’immeuble | 652 m² |
| Multiplicateur du loyer brut | 13 | Occupation moyenne | 96% |
| Nb de lots | 8 | Nb d’étages | 3 |
| Type de bien | Immeuble residentiel | Année de construction/rénovation | 1968/1992 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,11/1 000 m² |
| Zonage | L3, Seattle - LR3 (M) | ||
| Prix | 2 102 928 € |
| Prix par lot | 262 866 € |
| Type de vente | Investissement |
| Taux de capitalisation | 5,28 % |
| Multiplicateur du loyer brut | 13 |
| Nb de lots | 8 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,06 ha |
| Surface de l’immeuble | 652 m² |
| Occupation moyenne | 96% |
| Nb d’étages | 3 |
| Année de construction/rénovation | 1968/1992 |
| Ratio de stationnement | 0,11/1 000 m² |
| Zonage | L3, Seattle - LR3 (M) |
Caractéristiques
Caractéristiques du lot
- Balcon
- Espace d’entreposage
- Chauffage
- Réfrigérateur
- Four
- Cuisinière
- Baignoire/Douche
- Terrasse
- Sol en vinyle
Caractéristiques du site
- Accès 24 h/24
- Sentiers pédestres et cyclables
- Espace d’entreposage
- Local à vélos
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 1+1 | 3 | 1 593 € | 67 - 68 |
| 2+1 | 5 | 1 790 € | 90 |
1 1
Assez praticable à pied
40/100
Moyennement adapté aux voitures
70/100
Transports en commun limités
30/100
Moyennement praticable en vélo
60/100
Taxes foncières
| Numéro de parcelle | 423540-0605 | Évaluation des aménagements | 816 812 € |
| Évaluation du terrain | 1 097 728 € | Évaluation totale | 1 914 541 € |
Taxes foncières
Numéro de parcelle
423540-0605
Évaluation du terrain
1 097 728 €
Évaluation des aménagements
816 812 €
Évaluation totale
1 914 541 €
Contacts
-
Candice Chevaillier, CCIM -
Dea Sumantri -
Daniel Lim -
Lee & Associates Commercial Real Estate Services
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Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
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Présenté par
Twin Cedars Apartments | 3510 W Elmore St
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