Paragon Real Estate Advisors is pleased to present the Woodhaven Apartments, an opportunity to acquire an 8-unit multifamily asset in the heart of North Seattle’s Lake City neighborhood. There is attractive seller financing available: $600,000 down, 5.0% interest only for years 1 to 2, and 5.5% interest only for years 3 to 5 on a five year term. The property features a strong unit mix of five 1BD/1BTH and three 2BD/1BTH apartments, plus 8 storage lockers, 12 off-street parking spaces, and an owned on-site laundry room—offering multiple income streams. All units feature a full appliance package with electric ranges, dishwashers, and refrigerators, as well as a deck or balcony.
With a Walk Score of 89 and a Transit Score of 56, residents enjoy immediate access to local amenities, RapidRide bus lines, parks, and neighborhood retail, making it an appealing option for renters seeking a connected urban lifestyle. The property’s existing infrastructure including Square D electrical panels, dishwashers, and electric ranges provides a solid foundation for new ownership to execute either a renovation-based value-add strategy or a simpler operational improvement plan focused on rental optimization and efficiency.
Whether you choose to modernize units to achieve higher rents or simply stabilize operations, Woodhaven Apartments offers both immediate in-place income and significant long-term upside, all supported by favorable seller-backed financing that minimizes capital outlay and enhances cash flow potential.