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Casa Del Rey

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Casa Del Rey

321 Broadway E, Seattle, WA 98102
Retail,Multi-Family For Sale Available Built 1910 3 floors Zoning: NC3P-75(M1)
Asking Price
$6,200,000
Total Building15,560 SF
Land5,663 SF land
MarketCapitol Hill/First Hill
CountyKing

Read Overview
Contact the Muljat Team about this listing.

Overview

Property ID
206366
Listing ID
705829
Type
Multi-Family
Asset Class
Retail,Multi-Family
Zoning
NC3P-75(M1)

Description

Casa Del Rey is a 27-unit mixed-use asset with three retail shops, including a T-Mobile lease, in the heart of Capitol Hill on an iconic street. Residents step out the front door and are blocks from the Link Light Rail Station, Cal Anderson Park, and the Pike/Pine retail corridor. Apartments average 517 SF and enjoy one of Seattle’s most walkable, amenity-rich locations. Strong in-place cash flow with a clear path to a 7.5% cap by lifting average rents ~9.8% to current high-water marks. Seller will consider attractive below-market seller-financing terms; inquire for details.

Listing Courtesy of:

MJ
Matt Johnston
Kidder Mathews
999 W Main Street, Suite 100,
Boise, ID 83702
State: WA City: Seattle ZIP: 98102 Type: For Sale

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