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Columbia Place

814, Columbia St, Seattle, WA 98104
$5,750,000

Description

Columbia Place (Status: Available)

814, Columbia St, Seattle, WA  98104

We are pleased to announce the exclusive offering of 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. The current cycle of inflation and high interest rates has made new development cost-prohibi

Listing Details

Asset Class: Multi-Family
Year Built: 1907
Building Total Square Feet: 10992
Available Lease Space Square Feet:
Number of Floors: 3
Total Parking Spaces: 0
Local Zoning Information: HR(M)

CBA

Listing Courtesy of: Blake Investment Advisors

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.

  • Address: 814, Columbia St, Seattle, WA 98104
  • City: Seattle
  • State/county: WA
  • Zip/Postal Code: 98104
  • Neighborhood: Capitol Hill/First Hill
  • Country: United States

Detail

Updated on January 26, 2025 at 10:32 am

  • Property ID: 688107
  • Price: $5,750,000.00/For Sale
  • Property Size: 10992 Sq Ft
  • Property Type: Multi-Family
  • Property Status: Available

Contact info

Windermere Commercial
Windermere Commercial
360-676-5900

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