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