Active
$4,150,000
Price
9,256
SqFt
9,256
SqFt

4027 Beach Drive SW

Seattle, Washington WA98116

Welcome to Beachwood Apartments. This is a 10-unit Multifamily property on the Puget Sound with 65 feet of waterfront. The property provides tenants with a beautiful sunset over the Olympic Mountains, crisp breeze off the Puget Sound, and quick access to all the wonderful amenities West Seattle has to offer. Ownership has spent roughly 250k in capital improvements since 2015 including roughly 100k in the past year. This investment gives an investor a great opportunity to acquire one of the few waterfront apartments in Seattle.

About This Property

Listing ID2025532
Price$4,150,000
StatusActive
SqFt 9,256
Acres 0.213
CountyKing
SubdivisionAlki
Year Built1901
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Alki
Year Built 1901
Building Area Units Square Feet
Flooring Vinyl Plank, Carpet
Furnished Unfurnished
Heating Cooling Type Baseboard
Interior Features Wall to Wall Carpet
Living Area Units Square Feet
Stories Total 3
Elevation Units Feet
Exterior Features Brick, Wood
Foundation Details Poured Concrete
Lot Features Curbs, Paved, Sidewalk
Lot Size Square Feet 9256
Lot Size Units Square Feet
MLS Lot Size Source KCR
Number Of Units Total 10
Roof Torch Down
Sewer Sewer Connected
Sewer Company Seattle Public Utilities
Structure Type Multi Family
Style Code 56 - 10+ Units
Units Below Grade false
Units In Building Total 10
Water Company Seattle Public Utilities
Water Sewer Garbage 12000
Water Source Public
Building Area Total 9256
Country US
Elementary School Buyer To Verify
High School Buyer To Verify
High School District Seattle
Middle Or Junior School Buyer To Verify
MLS Area Major 140 - West Seattle
View Bay, City, Mountain(s), Ocean, Sound
Waterfront yes
Waterfront Features Bay/Harbor, Bulkhead, Ocean Access, Sound
Zoning Class Multi-Family
Zoning Jurisdiction City
Amenities See Remarks
Effective Year Built Source See Remarks
First Right Of Refusal no
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Company Seattle City Light
Power Production Type Electric
Preliminary Title Ordered yes
Property Condition Good
Year Built Effective 2015
Cap Rate 5.37
Gross Adjusted Income 296970
Gross Scheduled Income 312600
Insurance Expense 13180
Leasable Area 9255
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 211990
Possession Closing, See Remarks
Sale Type MLS
Seller Disclosure Exempt
Special Listing Conditions None
Tax Annual Amount 31415
Tax Year 2022
Total Expenses 56595
Vacancy Rate 5

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4027 Beach Drive SW Seattle, WA 98116

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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. © 2023 NWMLS. All rights reserved. Data last updated: Monday, February 6th, 2023 05:53:14 PM.
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