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Apartments For Sale • 5,100 SF
| This partially reno'd property presents an opportunity for new ownership to implement a value-add program & increase rents to current market averages |
| Renovations are projected to yield an additional $172 per unit premium, supported by strong effective rent growth in the submarket |
| Prime location for residents, conveniently situated near major transit options and leading regional employers and educational institutions |
| Owner-operated & well maintained with minimal deferred maintenance; recent upgrades include plumbing, water heaters, & electrical panels |
| The area boasts a strong rental market, with 53% of housing units renter-occupied within a 1-mile radius; avg. effective rents reached $2,238 in 4Q24 |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) | 19 min | - | 8.5 mi |
| Airport | Drive | Walk | Distance |
| Seattle-Tacoma International | 38 min | - | 20.0 mi |
| Seattle Paine Field International | 35 min | - | 20.0 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 2 |
| Type: | Surface |
| Included in Rent: | Yes |
