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Rentable SF
18.8k
BUilt
1903
Units
45
Berkadia Seattle Investment Sales is pleased to announce it has been retained as the exclusive listing broker for 100 on 6th in Seattle, WA.
100 on 6th offers investors the chance to acquire a high-quality asset, with the majority of renovations already completed. These premium renovations provide a turnkey asset for investors looking to close the loss-to-lease gap.
Situated in a prime location, the property boasts easy walkability to shops, restaurants, and coffee shops, along with access to the diverse options that downtown Seattle has to offer. It is also surrounded by top employers in the Seattle MSA, anchored by Amazon and the tech sector, and includes a thriving life sciences industry.
The property presents a significant discount compared to homeownership, with rents at 100 on 6th offering up to a $5,000 per month savings compared to the average owner-occupied home. This makes the property a more affordable alternative to owning, catering to the demand for luxury Class A rental options in the area.
Located in one of Seattle's most dynamic neighborhoods, 100 on 6th is well-positioned to meet high demand. Its prime location and completed renovations make it a valuable addition to any investment portfolio seeking growth. The property offers premium living without the premium cost typically associated with downtown Seattle, making it an appealing choice for both residents and investors.
Address
City, State, Zip
County
Parcel Numbers
Units
Construction Year
buildings
Stories
Site Size/Acreage
Rentable SF
Average Unit SF
Average Rent/Unit
Average Rent/SF
100 6th Ave S
Seattle, WA 98104
King
524780-2050
45
1903
One
Three
0.17 Acres
18,799 SF
418 SF
$1,394
$3.34
Opportunity
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100 on 6th is perfectly situated within a highly walkable community, offering easy access to popular destinations like Pioneer Square, Lumen Field, and T-Mobile Park. The property is ideally located with convenient access to Interstate 5 to streamline commutes downtown or out of the city.
Originally built in 1903, the homes have undergone renovations over time, presenting five floor plans for studio and one-bedroom homes. Each home is thoughtfully designed with appealing amenities such as 9-foot ceilings, newly remodeled kitchens, and updated flooring throughout the unit.
Asset
Studio
One Bedroom
23 Units
22 Units
392 SF
444 SF
100 on 6th
Contact us.
Kenny Dudunakis
Senior Managing Director
WA CRE #30749
206.521.7216 kenny.dudunakis@berkadia.com
Email
George Pallis
Director
WA CRE #138339
206.801.3070
george.pallis@berkadia.com
Email
David Sorensen
Managing Director
WA CRE #26603
206.801.3102 david.sorensen@berkadia.com
Email
Ben Johnson
Managing Director
WA CRE #114515
206.801.3144 ben.johnson@berkadia.com
Email
INVESTMENT SALES
411 108th Avenue NE
Suite 1080
Bellevue, WA 98004
425.230.2565
berkadia.com
berkadia.com/northwest
Bellevue Office
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities,
visit: https://www.berkadia.com/licensing/.
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004
Peter Dudunakis
Associate Director
WA CRE #24008898
206.795.4169
peter.dudunakis@berkadia.com
Email
MIchael Manolides
Senior Director
253.670.2143
michael.manolides@berkadia.com
Email
MORTGAGE BANKING
100 on 6th presents an exceptional value-add opportunity for prospective investors. With most of the renovations already completed, investors can further enhance property value through strategic renovations to include more luxury finishes. These enhancements could include smart home features, kitchen backsplashes, solar blinds, hard surface countertops, and improvements to common area spaces.
Value-Add Opportunity
Renovated Premiums
In-Place Rents to
Berkadia Reno Pro Forma
$290
Potential NOI Growth
Jan. 2025 T-12 to
Berkadia Reno Pro Forma
$629k
Current HOme
100 6th Ave S | Seattle, WA 98104
Exclusive Multifamily Opportunity
BRad Williamson
Managing Director
786.646.2580
brad.williamson@berkadia.com
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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities,
visit: https://www.berkadia.com/licensing/.
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004
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© 2022 Berkadia Proprietary Holding LLC
Berkadia® is a trademark of Berkadia Proprietary Holding LLC
Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. This website is not intended to solicit commercial mortgage loan brokerage business in Nevada. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing
Seattle office
601 Union St, Suite 3909
Seattle, WA 98101
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004