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New On Market: The Montage Condominiums

By RSIR Staff |

The Montage Condominiums located in one of Seattle’s most desirable neighborhoods, the bustling Pike/Pine corridor in Capitol Hill. Own 23 legal condominiums currently operated as an apartment building.

Increasing rents just $100 per unit, implementing market rate charges for parking income and recapturing utility expenses generates a market cap rate of roughly 4.57%. Total estimated market value of these sellable units is about 28% higher than the current offering price. 1:1 parking and storage ratio.

1422 Boylston Ave   |   Seattle, Washington

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