Active
$5,460,000
Price
11,284
SqFt
11,284
SqFt

4201 SW Graham Street

Seattle, Washington WA98136

With clean and cool mid-century architecture, the Westernaire sits proudly on a 10,000 square foot corner lot just one block from California Ave in a wonderful West Seattle location. On the market for the first time in over 30 years, the Westernaire features a total of 28 apartments with 27, one-bedroom units and 1, larger two-bedroom unit. The property has been well-maintained and managed by the current local owners with a focus on stability and low-turnover and is perfectly positioned for new ownership that wants a stable, turn-key asset or a value-add property to renovate and “reposition”.

About This Property

Listing ID2013524
Price$5,460,000
StatusActive
SqFt 11,284
Acres 0.230
CountyKing
SubdivisionWest Seattle
Year Built1956
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision West Seattle
Year Built 1956
Building Area Units Square Feet
Furnished Unfurnished
Heating Cooling Type Baseboard
Living Area Units Square Feet
Stories Total 3
Elevation Units Feet
Exterior Features Stucco, Wood
Lot Size Square Feet 10000
Lot Size Units Square Feet
MLS Lot Size Source King County
Number Of Units Total 28
Roof Flat
Sewer Sewer Connected
Structure Type Multi Family
Style Code 56 - 10+ Units
Units Below Grade false
Units In Building Total 28
Utilities Sewer Connected, Electricity Available
Water Sewer Garbage 28220
Building Area Total 11284
Country US
High School District Seattle
MLS Area Major 140 - West Seattle
Waterfront no
Mls Status Active
Offers Seller intends to review offers upon receipt
Power Production Type Electric
Preliminary Title Ordered no
Cap Rate 4.3
Gross Adjusted Income 369454
Gross Rent Multiplier 14.34
Gross Scheduled Income 380880
Insurance Expense 6500
Leasable Area 11284
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 234819
Other Expense 57578
Possession Closing
Sale Type MLS
Seller Disclosure Not Provided
Special Listing Conditions None
Tax Annual Amount 42336
Tax Year 2022
Total Expenses 134634
Total Monthly Income 31740
Vacancy Rate 3

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4201 SW Graham Street Seattle, WA 98136

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The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by WPI Real Estate Services, Inc. (7101) and should be verified by the buyer. © 2022 NWMLS. All rights reserved. Data last updated: Friday, December 2nd, 2022 10:40:23 AM.
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