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Windchime Apartments 712 N 143rd St Immeuble residentiel 14 lots 2 146 739 € (153 338 €/Lot) Taux de capitalisation 4,81 % Seattle, WA 98133
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Value-add potential through selective unit upgrades on turnover
- Significant rental upside
- New TOP Membrane Roof installed in 2023, upgraded electrical panels in 2024, and window panes replaced in 2025
- Opportunity to implement a utility bill-back (RUBS) program to further lift NOI
- Copper plumbing throughout
Résumé analytique
The property sits in one of North Seattle’s fastest improving rental corridors. The location is further supported by Sound Transit’s new Shoreline South/148th light rail station and direct bus access to downtown Seattle.
The offering represents an operational value-add opportunity. The asset is in good physical condition, bolstered by recent capital improvements including a new TPO membrane roof (2023), upgraded electrical panels (2024), and replaced window panes (2025). With the option to upgrade units on turnover and capture premium rents as leases roll, and with scheduled rents below market and no utility bill-back currently in place, a new ownership group can grow income through natural lease turnover, selective unit upgrades, and the implementation of a utility recapture program, meaningfully lifting NOI. At market operations, the offering achieves a 7.4% cap rate and a 9.7% cash-on-cash return, giving new ownership strong performance upside as rents are brought up to market. At just $238 per square foot and $175,000 per door, the property presents an exceptional basis for a 1980s-built asset, well below recent comparable sales in the area.
Current in-place rents average $1,205 for the eleven one-bedroom units and $1,617 for the three two-bedroom units, while comparable properties in the area are achieving approximately $1,550 and $1,875. This gap presents a clear opportunity to capture meaningful rental upside. With Bitter Lake, the Interurban Trail, and Northgate Station nearby, plus quick connections to I-5 and downtown Seattle, the property benefits from strong tenant demand in a well-located North Seattle rental corridor.
The offering represents an operational value-add opportunity. The asset is in good physical condition, bolstered by recent capital improvements including a new TPO membrane roof (2023), upgraded electrical panels (2024), and replaced window panes (2025). With the option to upgrade units on turnover and capture premium rents as leases roll, and with scheduled rents below market and no utility bill-back currently in place, a new ownership group can grow income through natural lease turnover, selective unit upgrades, and the implementation of a utility recapture program, meaningfully lifting NOI. At market operations, the offering achieves a 7.4% cap rate and a 9.7% cash-on-cash return, giving new ownership strong performance upside as rents are brought up to market. At just $238 per square foot and $175,000 per door, the property presents an exceptional basis for a 1980s-built asset, well below recent comparable sales in the area.
Current in-place rents average $1,205 for the eleven one-bedroom units and $1,617 for the three two-bedroom units, while comparable properties in the area are achieving approximately $1,550 and $1,875. This gap presents a clear opportunity to capture meaningful rental upside. With Bitter Lake, the Interurban Trail, and Northgate Station nearby, plus quick connections to I-5 and downtown Seattle, the property benefits from strong tenant demand in a well-located North Seattle rental corridor.
Bilan financier (Réel - 2026) |
Annuel | Annuel par m² |
|---|---|---|
| Revenu de location brut |
190 315 €
|
199,27 €
|
| Autres revenus |
946 €
|
0,99 €
|
| Perte due à la vacance |
5 737 €
|
6,01 €
|
| Revenu brut effectif |
185 524 €
|
194,26 €
|
| Taxes |
26 780 €
|
28,04 €
|
| Frais d’exploitation |
55 528 €
|
58,14 €
|
| Total des frais |
82 308 €
|
86,18 €
|
| Résultat net d’exploitation |
103 216 €
|
108,07 €
|
Bilan financier (Réel - 2026)
| Revenu de location brut | |
|---|---|
| Annuel | 190 315 € |
| Annuel par m² | 199,27 € |
| Autres revenus | |
|---|---|
| Annuel | 946 € |
| Annuel par m² | 0,99 € |
| Perte due à la vacance | |
|---|---|
| Annuel | 5 737 € |
| Annuel par m² | 6,01 € |
| Revenu brut effectif | |
|---|---|
| Annuel | 185 524 € |
| Annuel par m² | 194,26 € |
| Taxes | |
|---|---|
| Annuel | 26 780 € |
| Annuel par m² | 28,04 € |
| Frais d’exploitation | |
|---|---|
| Annuel | 55 528 € |
| Annuel par m² | 58,14 € |
| Total des frais | |
|---|---|
| Annuel | 82 308 € |
| Annuel par m² | 86,18 € |
| Résultat net d’exploitation | |
|---|---|
| Annuel | 103 216 € |
| Annuel par m² | 108,07 € |
Informations sur l’immeuble
| Prix | 2 146 739 € | Style d’appartement | De faible hauteur |
| Prix par lot | 153 338 € | Classe d’immeuble | C |
| Type de vente | Investissement | Surface du lot | 0,09 ha |
| Taux de capitalisation | 4,81 % | Surface de l’immeuble | 955 m² |
| Nb de lots | 14 | Nb d’étages | 3 |
| Type de bien | Immeuble residentiel | Année de construction | 1983 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,1/1 000 m² |
| Zonage | LR3(M) | ||
| Prix | 2 146 739 € |
| Prix par lot | 153 338 € |
| Type de vente | Investissement |
| Taux de capitalisation | 4,81 % |
| Nb de lots | 14 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,09 ha |
| Surface de l’immeuble | 955 m² |
| Nb d’étages | 3 |
| Année de construction | 1983 |
| Ratio de stationnement | 0,1/1 000 m² |
| Zonage | LR3(M) |
Caractéristiques
Caractéristiques du lot
- Lave-vaisselle
- Broyeur d’ordures
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 1+1 | 11 | 1 104 € | 63 - 68 |
| 2+1 | 3 | 1 424 € | 84 |
1 1
Moyennement praticable à pied
60/100
Moyennement adapté aux voitures
70/100
Transports en commun relativement accessibles
40/100
Plutôt praticable en vélo
50/100
Taxes foncières
| Numéro de parcelle | 192604-9283 | Évaluation totale | 2 496 351 € (2025) |
| Évaluation du terrain | 785 531 € (2025) | Impôts annuels | 26 780 € (28,04 €/m²) |
| Évaluation des aménagements | 1 710 820 € (2025) | Année d’imposition | 2026 |
Taxes foncières
Numéro de parcelle
192604-9283
Évaluation du terrain
785 531 € (2025)
Évaluation des aménagements
1 710 820 € (2025)
Évaluation totale
2 496 351 € (2025)
Impôts annuels
26 780 € (28,04 €/m²)
Année d’imposition
2026
Contacts
-
Michael Urquhart -
Rowan Davis -
Brian Platt -
Ben Douglas -
Paragon Real Estate Advisors
1 sur 19
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
Windchime Apartments | 712 N 143rd St
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