The Argyle (Status: Pending)
411, Jefferson St, Seattle, WA 98104
Located in downtown Seattle, The Argyle consists of 12 spacious studio style apartment units.The Property is situated on a corner alley lot zoned DMC. Residents are greeted with the city at their doorstep, a short walk to the stadiums and a brief stroll to Pike Place Market. Fully rehabbed in the past few years, the asset is operated as furnished housing with both shorter and longer term residents. This turn key asset offers investors great cash flow on a low maintenance asset. Additionally, there is upside opportunity for investors with the ability to add 2 apartment units or commercial space in the basement. The owner is currently in negotiations with a commercial tenant to take the basement space at a rent of $1500/month. PROPERTY IS IN RECEIVERSHIP. All offers will be considered.
Asset Class: Multi-Family
Year Built: 1902
Building Total Square Feet: 8640
Available Lease Space Square Feet:
Number of Floors: 3
Total Parking Spaces: 0
Local Zoning Information: DMC2-340
Listing Courtesy of: Westlake Associates, Inc.
Disclaimer: The information contained in this listing has not been verified by North Sound Commercial, a division of Pacific Continental Realty, LLC and should be verified by the buyer, seller, or tenant.