Seattle & Northwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Apartment Investor Adds Scale in Seattle Neighborhood
Marcus & Millichap closed the sale of Villa Maria, an 11-unit apartment property located in Seattle, The asset sold for $2,115,000.
The buyer, a limited liability company, was secured and represented by Jake Morse, Ryan Dinius, and Sidney Warsinske, investment specialists in Marcus & Millichap’s Seattle office. “The seller’s loan was called, putting them in a position where they needed to sell, and our client, the buyer, was able to perform and close the transaction,” said Morse. “The listing was on the market for 12 months; our client was able to acquire the property at an attractive basis and add efficiencies of scale in a neighborhood they already own in.”
Villa Maria is located at 1146 N 91st St in Seattle. Built in 1986, the property was extensively renovated in 2010 and features a washer/dryer in the unit, with 100% occupancy.
Be there for insights from multifamily industry leaders on Sept. 11, when Connect Conferences will hold a nationwide in-person event. Register here for Connect Apartments 2025, taking place in Los Angeles at the Fairmont Century Plaza.
- ◦Sale/Acquisition
