Sunset Villa apartment building sells for $5.45 million

The Sunset Villa apartment building on 24th Ave NW has changed hands.

The buyers are Marysville Apartments, LLC, who purchased the 17-unit apartment building for $5.45 million — that’s $320,588 per unit.

Sunset Villa (6736 24th Avenue NW) was built in 1963 and was recently renovated by the sellers. Updates include common area improvements, plus renovations to individual units including vinyl plank flooring, quartz countertops, new cabinets, stainless steel appliances and new light fixtures. The four-story apartment building includes 12 one-bedroom and five two-bedroom units.

Colliers International, partnered with Marcus & Millichap, facilitated the sale.


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Lizzy the Lezzy
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Lizzy the Lezzy

I hope those renters are not about to get a nasty surprise.

SurlyAF
Member
SurlyAF

I bet they will. They always do in this situation. I know, because it’s happened to me recently.

Lizzy the Lezzy
Member
Lizzy the Lezzy

Sorry to hear that. No wonder you’re surly af

SurlyAF
Member
SurlyAF

haha, yup but that’s part of the reason.

Thankfully we had the means to move out as soon they increased the rent. I feel bad for those that don’t have that option.

fluggermutation
Member
fluggermutation

unfortunately this is what leads to displaced people, no longer able to live in their communities. without providing adequate housing at a low cost to displaced people, these folks will end up in a variety of places, and if percentages hold true, it will increase the homeless population. we do need new development but it’s absolutely crucial to replace some at a low cost.

Paintking
Member
Paintking

Unless these people are drug users, mentally ill, or bedridden they are all able to land somewhere. This does NOT mean they are on the streets. 100 people on our streets have been arrested 3,600 times. I hope you’re not implying these renters are these fine folks? Low cost means your taxes go up to subsidize. Why don’t you simply send more of YOUR $$ into the city and state and feel REAL good about yourself?

Truth
Member
Truth

Why don’t you move to rural Idaho and feel REAL good about yourself?

Andrew Daisuke
Member
Andrew Daisuke

I’d donate to the kickstarter.

elenchos2
Member
elenchos2

Lol, I like there are 2 camps in Seattle (not counting the ones filled with trash and needles)

1. Not happy with the way the city is currently run, Group 2 says these people must leave.
2. Those who will not allow anything to help clean up the city, woke.

fluggermutation
Member
fluggermutation

3. Those who understand there’s more than one way to “clean up” the city.

fluggermutation
Member
fluggermutation

every increase in rent of $100, there’s an increase in homelessness by 15%. the numbers are tied together. am i saying for certain someone from this apartment will end up homeless? no. is there a chance of it because they no longer can afford to live in the neighborhood? yes. do other factors, such as mental health or physical health problems, play a role? definitely.

Newton
Member
Newton

Marysville Apartments, LLC utilizes partnerships with China-based investors who have significant incentive to get their money out of China even at a loss. This is the case for lots of real estate purchases in the Seattle area.

Andrew Daisuke
Member
Andrew Daisuke

OMG NOT CHINA!

take of the tin foil hat once in a while man.