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Emerald Hill

The property consists of (10) condo-grade apartments built in 1995. All apartments were extensively remodeled (2013) which include granite countertops, new cabinets, and flooring. The apartments also feature washer and dryers, full package stainless steel appliances, private view balconies, and large walk-in closets. Two of the units are a 2-story townhome style layout. The units boast open and modern floor plans. East facing balconies have luxury glass barriers which enhance the aesthetic while optimizing daylight. The roof is a flat torch-down material and is brand new (2020). The building also has a brand new key-code security system (2020). The property has a secure underground parking garage with 11 assigned stalls, and 4 uncovered assigned stalls directly behind the building. The windows are energy efficient thermal pane. The opportunity presents an investor with a very stable investment with the option to increase NOI through self-management and modest rent increases. The building has exceptional commuter access and is in walking disĀ­tance to Amazon and Bill and Melinda Gates Foundation.

Address

609 Prospect Street
Seattle, WA 98109

Type

Multi-Family

Status

Sold

Price

$ 3,575,000

Cap Rate

4.66%

# of Units

10

Price per Unit

$ 357,500

Available SF

7,490 SF

Price Per SF

$ 477

Land Area

7,200 SF

Year Built

1995

Broker contact information