Beacon View Apartments | 2414 13th Ave S
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Beacon View Apartments 2414 13th Ave S
17 Unit Apartment Building $7,232,500 CAD ($425,441 CAD/Unit) 5.45% Cap Rate Seattle, WA 98144
EXECUTIVE SUMMARY
100% occupied 17-unit in North Beacon Hill. 5-minute walk from Beacon Hill Light Rail Station. The property is offered for sale individually or as a portfolio combined with Beacon Flats and Westward Apartments. Current NOI is $272,632 with in-place Cap Rate of 5.5%. Income upside, rents slightly under market standard.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$394,362
|
$17.61
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $394,362 |
| Annual Per SF | $17.61 |
PROPERTY FACTS
| Price | $7,232,500 CAD | Apartment Style | Mid Rise |
| Price Per Unit | $425,441 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.45% | Building Size | 22,400 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 17 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1968/2017 |
| Property Subtype | Apartment | Parking Ratio | 0.22/1,000 SF |
| Price | $7,232,500 CAD |
| Price Per Unit | $425,441 CAD |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| Sale Condition | 1031 Exchange |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 22,400 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1968/2017 |
| Parking Ratio | 0.22/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | $2,172 CAD | 450 |
| 1+1 | 9 | $2,756 CAD | 750 |
| 2+1.5 | 5 | $3,307 CAD | 1,000 |
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Walk Score®
Very Walkable (83)
Transit Score®
Excellent Transit (76)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,377,374 CAD | |
| Land Assessment | $1,915,684 CAD | Total Assessment | $5,293,058 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,915,684 CAD
Improvements Assessment
$3,377,374 CAD
Total Assessment
$5,293,058 CAD
ZONING
| Zoning Code | LR3 (Low Rise zoning) |
| LR3 (Low Rise zoning) |
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Beacon View Apartments | 2414 13th Ave S
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