4027 Beach Drive SW, Seattle, WA 98116
- $3,900,000
- 9,256
- SqFt
Listing courtesy of COMPASS. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $3,900,000
- List Price
- $3,950,000
- Status
- SOLD
- MLS#
- 2025532
- Closing Date
- May 30, 2023
- Days on Market
- 78
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 9,256
- Area Total SqFt
- 9256
- Annual Tax Ammount
- 31415
- Lot Size (sq ft)
- 9,256
- Sewer
- Sewer Connected
Property Description
Welcome to Beachwood Apartments. This is a 10-unit Multifamily property on the Puget Sound with 65 feet of waterfront. The property provides tenants with a beautiful sunset over the Olympic Mountains, crisp breeze off the Puget Sound, and quick access to all the wonderful amenities West Seattle has to offer. Ownership has spent roughly 250k in capital improvements since 2015 including roughly 100k in the past year. This investment gives an investor a great opportunity to acquire one of the few waterfront apartments in Seattle.
Additional Information
- List Date
- 2023-03-13 00:00:00
- Community
- Alki
- Net Operating Income
- $211,990
- Gross Adjusted Income
- $296,970
- Gross Scheduled Income
- $312,600
- Insurance Expenses
- $13,180
- Water/Sewer/Garbage Expenses
- $12,000
- Total Expenses
- $56,595
- Cap Rate
- 5.37
- Vacancy Rate
- 5
- Total Number of Units
- 10
- Unit Name
- 4027
- Potential Terms
- Cash Out, Conventional, See Remarks
- Year Built
- 1901
- Waterfront
- Yes
- View
- Bay, City, Mountain(s), Ocean, Sound
- Roof
- Torch Down
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Gross Scheduled Income
- $312,600
- Vacancy Rate
- 5
- Gross Adjusted Income
- $296,970
- Tax Year
- 2022
- Insurance Expense
- $13,180
- W/S/G Expenses
- $12,000
- Total Expenses
- $56,595
- Net Operating Income
- $211,990
- Cap Rate
- 5.37
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