4318 Winslow Place N #1-5
Seattle, WA 98103
five-unit apartment building in Seattleps highly desirable Wallingford neighborhood. Market Cap rate 5.2%,Rent upside!The propertyps current rents are approximately 25% below market making this property an easy value-add opportunity. Near Amazon Headquarters, minutes to downtown, shopping,restaurants.washer& dryer in each unit,covered parking,large decks,storage and work space for owner.High renter demand for this location,100%occupied,mix of 1,2,3 bedroom units,dual pane windows. Excellent access to Downtown Seattle, South Lake Union, and the UW.
The property's Wallingford location is very central to the city and residents will be attracted to many of the nearby amenities. There are 7 parks and play fields, more than 15 bars and taverns, and 12 markets and grocers including QFC, PCC Natural Markets, Fred Meyer, and both the Wallingford and Fremont farmers markets p all within one mile of the Winslow Apartments. The property is also within a quarter mile of five metro bus lines p including the Rapid Ride E Line p that take residents to Downtown Seattle, Queen Anne, and the UW. Additionally, the Winslow Apartments is near a variety of popular attractions including the Woodland Park Zoo (0.5 mile), Gas Works Park (1.4 miles), and Green Lake Parks green space, boat rentals, and trail (1 mile from the lakes southernmost point).