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Bluestone Apartments

The Bluestone Apartments, located just outside of Seattle city limits, provides an opportunity to acquire a 26-unit property with all the gut renovations completed. All 26 units have been renovated within the last 5 years. Renovations include granite countertops – kitchen and bathrooms, wood cabinets, new light fixtures and more. The asset provides new ownership with an immediate upside with proven rents and with all current tenants in good standing. Bluestone is ideally located blocks away from the new light rail station opening in 2024 with direct access to Seattle. New ownership will enjoy an ideal location with added appreciation.

Address

1530 NE 146th St
Shoreline, WA 98155

Type

Multi-Family

Status

Sold

Price

$ 6,100,000

Cap Rate

4.04%

# of Units

26

Price per Unit

$ 234,615

Available SF

20,680 SF

Price Per SF

$ 294.97

Land Area

24,328 SF

Year Built

1978

Broker contact information