1000 1St Ave, Seattle, WA 98119
26 Unit Apartment Building | For Sale | Seattle, WA 98119
- Property Type
-
Multifamily
- Square Feet
- 16,885 SF
Listing Contacts
- Property Info
Property Overview
Introducing Century Terrace, a trophy, value-add asset offering 26 units with upside potential in Seattle's prestigious Queen Anne neighborhood at 1000 1st Avenue W. Built in 1960, this property features a mix of studio, one, and two-bedroom units averaging 649 square feet. With recent upgrades including new flooring, paint, countertops, and cabinets, there is an opportunity for further renovations to command premium rents. Amenities like private patios, elevator service, new laundry facilities, and a modern lobby enhance tenant experience. Additionally, convenient access to Seattle Center and future light rail expansion adds to the property's allure. Strategically located near major employers like Amazon, Apple, and Google, Century Terrace presents an exciting investment opportunity in a rapidly growing submarket. Don't miss your chance to own a piece of Seattle real estate with immense potential.
Property Details
- Class
- C
- Year Built
- 1960
- Stories
- 4
- Lot Size (sq. ft)
- 14,375 SF
- Units
- 26
Highlights
- An exciting investment opportunity in a rapidly growing Seattle submarket with significant upside potential through strategic renovations
- Built in 1960 and is a 26-unit property in Seattle’s prestigious Queen Anne neighborhood with a mix of studio, one-, and two-bed units
- All units have a varied combination of new flooring, fresh paint, hard-surface countertops, and upgraded cabinets
- Additional capital expenditures by current ownership include full repair and partial replacement of roof
- Building amenities include elevator service, private patios, new laundries, and expansive MCM lobby
- Numerous employers within biking distance: Amazon, Apple, Google, Gates Foundation; Met Market, and Safeway within a seven-minute walk
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