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 ID2039855
SqFt 11,284
Acres 0.230
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
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
Water Sewer Garbage 28675
Building Area Total 11284
Country US
High School District Seattle
MLS Area Major 140 - West Seattle
Waterfront no
Zoning Jurisdiction City
Amenities Coin Op Laundry,Storage
Mls Status Active
Offers Seller intends to review offers upon receipt
Power Production Type Electric
Preliminary Title Ordered yes
Cap Rate 5.71
Gross Adjusted Income 442491
Gross Rent Multiplier 11.27
Gross Scheduled Income 465780
Insurance Expense 6454
Leasable Area 11284
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 299699
Other Expense 66640
Possession Closing
Sale Type MLS
Seller Disclosure Not Provided
Special Listing Conditions None
Tax Annual Amount 41023
Tax Year 2023
Total Expenses 142792
Total Monthly Income 32040
Vacancy Rate 5

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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. © 2023 NWMLS. All rights reserved. Data last updated: Sunday, March 26th, 2023 08:17:02 AM.
Active Listing courtesy of Paragon Real Estate Advisors
Active Listing courtesy of Paragon Real Estate Advisors
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