Apartments For Sale • 5,472 SF
Well-maintained, owner-operated property with minimal deferred maintenance; upgraded plumbing, water heaters, and electrical panels |
In-place rents currently achieving $117 below market on average; renovations project an additional $100 per unit rent premiums |
Further upside potential for additional parking; 4 dedicated secured garages project to increase current rental income by $5,100 annually |
Conveniently located with easy access to Interstate 5, Highway 99, and Downtown Seattle |
Average effective rent in the Lake Union submarket was $2,664 per month in 4Q24, and year end occupancy at 95.4% |
Commuter Rail | Drive | Walk | Distance |
---|---|---|---|
King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) | 8 min | - | 3.6 mi |
Airport | Drive | Walk | Distance |
Seattle-Tacoma International | 27 min | - | 16.9 mi |
Seattle Paine Field International | 31 min | - | 21.2 mi |
Parking Available: | Yes |
Reserved: | No |
Spaces Provided: | 5 |
Type: | Surface |
Included in Rent: | Yes |