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Claremont Apartments

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Claremont Apartments

3315 Claremont Ave S, Seattle, WA 98144
Multi-Family For Sale Available Cap Rate 6.1% Built 1992 3 floors Zoning: LR3(M)
Asking Price
$1,675,000
Total Building5,520 SF
Land4,560 SF land
Parking Total4
& Uncov.
ConstructionWood
MarketS. Seattle
CountyKing

Read Overview
Contact the Muljat Team about this listing.

Overview

Property ID
191326
Listing ID
703228
Type
Multi-Family
Asset Class
Multi-Family
Zoning
LR3(M)

Description

We are pleased to present the Claremont Apartments. The Claremont combines the durability of 1990s construction with the appeal of a full, top-to-bottom renovation—creating a turnkey multifamily investment with meaningful rental upside. Modern building systems and comprehensive updates translate to minimal near-term capital expenditures and easy day-to-day management. At the same time, current in-place rents remain below prevailing market levels for renovated apartments in the Columbia City/Mount Baker area, presenting a clear opportunity to increase income as leases roll and demand for well-finished units continues to grow. The renovation program was extensive and designed to position the property for long-term stability. Interior upgrades include new modern kitchens with stainless stee

Listing Courtesy of:

BP
Brian Platt
Paragon Real Estate Advisors
600 University St., Ste. 2018,
Seattle, WA 98101-1176
State: WA City: Seattle ZIP: 98144 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.