2522 Dexter Ave N

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2522 Dexter Ave N

Seattle, WA 98109-1937
Asking Price
Contact for price
Asset Type
Apartment Building Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Development site located at 2522 Dexter Ave N in Seattle
  • Asset type categorized as land for potential apartment building construction
  • Property features immediate income potential for current owners or investors
  • Site supports long-term redevelopment upside in a key urban corridor
  • Situated within the established 98109 submarket of Seattle, Washington

What's Special

2522 Dexter Ave N consists of a land parcel in Seattle, Washington, currently positioned for multi-family development. This asset provides a combination of immediate rental income alongside significant long-term potential for a new apartment building project in a high-demand urban corridor. Seattle serves as a major hub for technology and global commerce, creating a consistent need for residential inventory in proximity to major employment centers. The site benefits from its placement in a well-connected submarket that continues to attract interest from both residents and developers looking to capitalize on regional growth patterns. Investors may utilize this acquisition for short-term revenue generation while completing necessary entitlements for future high-density residential construction. Its strategic location offers accessibility to major transportation corridors and the amenities characteristic of the 98109 ZIP code, supporting long-term viability for a new apartment development.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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