Properties for Sale

Rogene Apartments

Rogene Apartments
9043 35th Ave SW
Seattle, WA

Foundation Group is pleased to exclusively offer for sale the Rogene Apartments, a fully renovated 13-unit building in West Seattle. The property provides an opportunity to buy a covered land play while cash flowing with a fully stabilized asset. Rogene has near term upside of adding a studio unit in the maintenance room and continuing to push rental rates as this part of West Seattle continues to transform. This is apparent by the development of the 44-unit Westwood Apartments that was built across the street. With the Rogene sitting on 13,216 feet NC2P-55 zoned land the future is limitless for this site.

The Rogene Apartments is a unique mid-century marblecrete building with a fresh color scheme. The building dates to late the 1950’s but has had a modern facelift. The two studio units were converted to 1-bedroom apartments, all units were updated with luxury carpet, window replacement, quartz countertops, new cabinets, stainless steel appliances, tile backsplash, all new bathrooms, vinyl hardwood flooring, and a new roof in 2016. The estimated 300 SF of underutilized storage makes for an opportunity to convert to a studio unit. This low maintenance asset is in the quiet neighborhood of Fauntleroy with convenient access to the Puget Sound and the growing Westwood shopping center. The property is directly on the C-bus line which gives residents direct access to downtown Seattle transportation.

 

Listing Agents

Aaron Locke
P: 206.774.5436
E: Email Aaron

Ethan Szmania
P: 206.774.5419
E: Email Ethan

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