7 Units N.Seattle Apartments

3019 NE 130TH ST

Seattle, WA 98125

7 unit-Value add opportunity,Market Cap rate 5.5%,increase income immediately!40% rent growth over the last five years.Walking distance to local shops and restaurants.Minutes to 405 /I-5,downtown Seattle,UW & Northgate.1999 construction, low maintenance,fully sprinklered. Secure entrance,8 covered parking spots in garage.Split zoned LR2 and NC 3-65,washer/dryers, large units &decks/patios Professionally managed,fenced courtyard.Vinyl siding,dual-pane windows,storage locker for each unit.

North Seattle is situated immediately north of Downtown Seattle and is bisected by Interstate 5 and State Route 99. North Seattle is bounded by the Puget Sound to the west and Lake Washington to the east. The community provides excellent access to not only Downtown Seattle, but also to the major employment hubs to the north in Everett and Bothell. In addition to easy access north and south, the location allows commuters to avoid the State Route 520 toll bridge and access Seattle' s Eastside by driving around the north end of Lake Washington.Additionally, there are stops for 10 bus lines within a thirdof a mile of the property. The future NE 145th Street Link light rail station (scheduled to begin service in 2023) will be approximately 2 miles away and will take residents to the Lynnwood Transit Center and to Green Lake, the UW, Capitol Hill, Downtown Seattle, and the Seattle Tacoma International Airport. This property' s central location appeals to young professionals working for companies such as Boeing, Amazon,and Google.Lake City Centered along Lake City Way NE, the neighborhood of Lake City is just a few miles outside of Seattle' s central business district.
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To schedule a private showing or to receive more information about this property please contact us.

Capstone Real Estate Group
Donna Marshall
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