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1201 South Cloverdale Street
Seattle, WA 98108
Asking Price
$3.10M
Cap Rate
6.97%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Mostly Renovated Seattle Asset with Proven Value-Add Blueprint <ul><li><strong>Immediate Value-Add Opportunity: </strong>Vivir offers a compelling repositioning play across 20 units - 15 fully upgraded and generating market rents, three partially completed, and two units ready for improvement; the property delivers a strong 6.97% in-place cap rate with clear upside.</li><li><strong>Proven Rent Growth Strategy: </strong>New ownership can immediately enhance returns by streamlining operations to reduce economic loss, while completing the remaining unit upgr
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NOI
$80,000
Cap Rate
2.58%
DSCR
0.43
Underwater
Cash-on-Cash
-11.19%
Monthly Payment
$15,337.109
Annual Cash Flow
$-104,045.303
