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11521 Greenwood Ave N
Seattle, WA 98133
Puget Panorama · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Dynamic Greenwood location offering a unique blend of urban amenities and suburban charm
- Quick and Easy Access to Highway 99 and I-5
- Well maintained building
- Highly sought after residential neighborhood with great singlefamily homes, many with views
- Current CAP: 6.46% with $9,161 Expenses/Unit (expenses include professional management)
- Seven spacious 2-bedroom/1-bath units
Executive Summary
Paragon Real Estate Advisors is pleased to exclusively offer for sale the Puget Panorama Apartments; an eight-unit apartment building built in 1965 located in Seattle’s Greenwood Neighborhood.
The Puget Panorama offers seven spacious 2-bedroom/one-bath units and one luxury 1,300 square foot 3-bedroom/1.75-bath unit; all corner units facing Puget Sound. There are two units per floor, 2 units have in-unit laundry and there are 3 common laundry rooms; essentially each unit has their own private laundry room. In addition, each unit has either a large patio with a yard or deck for the residents’ enjoyment, and many units have views of Puget Sound further enhancing the enjoyability of the living space. The Puget Panorama offers spacious, light-filled units with quality floor plans offering a ‘home environment’ vs an apartment experience.
Puget Panorama is located in the growing and dynamic Greenwood neighborhood. Greenwood is nestled between Greenwood Avenue and Highway 99, offering a vibrant retail corridor which includes restaurants, cafes, nightlife, a Hardwood store that has everything, a grocery store, the best Trader’s Joe in the city, a library and the Taproot Theatre a local and cultural gem.
The Puget Panorama offers seven spacious 2-bedroom/one-bath units and one luxury 1,300 square foot 3-bedroom/1.75-bath unit; all corner units facing Puget Sound. There are two units per floor, 2 units have in-unit laundry and there are 3 common laundry rooms; essentially each unit has their own private laundry room. In addition, each unit has either a large patio with a yard or deck for the residents’ enjoyment, and many units have views of Puget Sound further enhancing the enjoyability of the living space. The Puget Panorama offers spacious, light-filled units with quality floor plans offering a ‘home environment’ vs an apartment experience.
Puget Panorama is located in the growing and dynamic Greenwood neighborhood. Greenwood is nestled between Greenwood Avenue and Highway 99, offering a vibrant retail corridor which includes restaurants, cafes, nightlife, a Hardwood store that has everything, a grocery store, the best Trader’s Joe in the city, a library and the Taproot Theatre a local and cultural gem.
Property Facts
| Price Per Unit | $402,326 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.46% | Lot Size | 0.19 AC |
| Gross Rent Multiplier | 9.92 | Building Size | 10,308 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | LR3 (M) | ||
| Price Per Unit | $402,326 CAD |
| Sale Type | Investment |
| Cap Rate | 6.46% |
| Gross Rent Multiplier | 9.92 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 10,308 SF |
| No. Stories | 3 |
| Year Built | 1965 |
| Parking Ratio | 1/1,000 SF |
| Zoning | LR3 (M) |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | $2,773 CAD | 960 |
| 3+2 | 1 | $4,239 CAD | 1,300 |
| 2+1 | 6 | $3,143 CAD | 960 |
Property Taxes
| Parcel Number | 391840-0165 | Improvements Assessment | $1,539,079 CAD |
| Land Assessment | $1,301,630 CAD | Total Assessment | $2,840,709 CAD |
Property Taxes
Parcel Number
391840-0165
Land Assessment
$1,301,630 CAD
Improvements Assessment
$1,539,079 CAD
Total Assessment
$2,840,709 CAD
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