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Essex Apartments

The Essex Apartments is a stunning 10 unit classic cottage brick apartment building that has been completely renovated to enhance the existing old world charm. Originally built in 1928, the subject property was designed as row housing with the charm of that era including coved ceilings, arched doorways, oak flooring and mahogany woodwork. The updates to the building include new plumbing and electrical service, windows and updated lighting throughout the property. The apartment homes now include individual washers and dryers, granite countertops in the kitchens and new cabinetry. The units have all been efficiently modified with the addition of a bonus second bedroom or den.
All of the units have direct access from a front and back door that lead to a private courtyard, which is perfect for gathering and entertaining. There are 7 detached garages off the alley and additional storage for the building. The property is ideally situated in a quiet residential neighborhood, which has great walkability and convenient street parking. The high-quality renovations and old world charm of the property are ideal to capitalize on the robust in-city rental market.

Address

4200 SW Manning St
Seattle, WA 98116

Type

Multi-Family

Status

Sold

Price

$ 2,890,000

Cap Rate

5.01%

# of Units

10

Price per Unit

$ 289,000

Available SF

6,808 SF

Price Per SF

$ 424.50

Land Area

7,161 SF

Year Built

1928

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