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Arbutus Apartments

10707 Des Moines Memorial Dr S, Seattle, WA

Property Type Multi-family

Sales Price $2,950,000

Status Pending

Property Highlights:

  • Convenient Seattle location less than 9 miles south (17 minutes) of Downtown Seattle
  • 12-unit apartment community with all huge 2bd/1.5bth units (1,351 sq.ft.)
  • Originally designed as condominiums and feature higher-grade construction elements
  • Huge condo-style floorplans: large rooms, open layout, wet bar, extra storage and more
  • Parking: 25+ total spaces including 15 large private garages
  • Significant immediate upside in rental income (6%+ Market Cap Rate)
  • Value-add opportunity: upgrade unit finishes and get further rental upside
  • Future condominium conversion opportunity
Map single
broker

Eric Smith

Founder

206.623.6077

EricSmith@ParagonREA.com

Ryan Iles

Senior Investment Advisor

206.812.9119 Ryan@ParagonREA.com