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Casa del Rey
On the Market
Price: $6,200,000
Tours: TBA
Offers: Reviewed Upon Receipt. Offer review date TBA
Site Details
ADDRESS
321 Broadway E, Seattle, WA 98102
YEAR BUILT
1910
UNITS
27
AVG. UNIT SIZE
442
LAUNDRY
BUILDINGS
1
STORIES
PARKING
LAND SIZE
Property Highlights
Excellent Capitol Hill Location
Located in the heart of Capitol Hill on an iconic street, residents can walk out of the front door of Casa Del Rey and be at the center of all of the most popular Cap Hill amenities. The Link Light Rail Station, Cal Anderson Park, and the Pike/Pine Retail Corridor are all blocks away.
Potential for Attractive Seller-Financing Terms
The Seller of Casa Del Rey is willing to offer seller-financing terms at a below market interest rate (pricing and Buyer dependent). Please inquire about potential terms.
Strong In-Place Yield with Clear Path to 7.5% Cap Rate
Casa Del Rey offers strong cash flow to a Buyer on day one. Lifting the average rents to the high watermark already being achieved at the property (9.8% on average) will allow for a great spread over the cost of debt.
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