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The Arches Apartments

Westlake Associates Inc. is pleased to present The Arches Apartments for sale, for the first time in 56 years. The property is located in the Rainier Valley Brighton neighborhood. Originally built in 1967, the property has been well- maintained and upgraded with major capital improvements to the roof, siding, and plumbing. The 25 units are a balanced mix of (10) 3 bed / 1.5 baths, (5) 2 bed / 1 bath, and (10) 1 bed / 1 bath units. Off-street parking is plentiful with 25 stalls, three of which are tandem. The property laundry is serviced by common coin-op machines. All units have dishwashers and have been sub-metered for water usage. The Arches Apartments offers an investor a quality asset with stable operations, cash-flow from day one, and the potential for future upside in rents.

Address

6601 Rainier Ave S
Seattle, WA 98118

Type

Multi-Family

Status

Sold

Price

$ 6,400,000

Cap Rate

4.75%

# of Units

25

Price per Unit

$ 256,000

Available SF

24,220 SF

Price Per SF

$ 264

Land Area

27,622 SF

Year Built

1967

Broker contact information