University District 47-Unit Portfolio Multi-Family FOR SALE


Seattle, WA - University District
$11,900,000 USD
206-505-9426
, Seattle, WA for Sale
$11,900,000 USD
Multi-Family - FOR SALE
1/7
null | 5.41% Cap Rate

University District 47-Unit Portfolio
Seattle, WA
University District


HIGHLIGHTS

  • 47-Unit Portfolio Opportunity in University District
  • Ideally Positioned To Meet High Demand For Student Housing
  • Studio, 1-Bed, and 2-Bed Unit Mix
  • Close Proximity to University of Washington campus, University Village & Seattle Transit

OVERVIEW

INTRODUCING THE BAYVIEW AND BAYVIEW WEST APARTMENTS Westlake Associates, Inc. is pleased to present a prime investment opportunity in the heart of Seattle’s U-District: The Bayview and Bayview West Apartments. These adjacent properties, totaling 47 units, are ideally positioned to meet the high demand for student housing with their proximity to the University of Washington campus, University Village, and convenient access to Sound Transit link light rail and bus lines for quick commutes to downtown Seattle. 2233 NE 46th Street - Built in 1960, The Bayview consists of 27 well-maintained units featuring a mix of studios, one-bedroom, and two-bedroom apartments. Each unit offers hardwood floors, large windows, and updated appliances. The property includes common laundry facilities, secured tenant storage, and ample on-site parking on the east side of the building. 2249 NE 46th St - Constructed in 2016, Bayview West offers a modern living experience with 20 units comprising studios, one-bedroom, and two-bedroom apartments. These upscale units boast sleek finishes, urban layouts, easy-care plank flooring, stainless steel appliances, large windows, in-unit washer and dryers, and patios in select units.

ASK ABOUT THIS PROPERTY

Curran HagstromWestlake Associates, Inc.More Info
206-505-9426

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Curran HagstromWestlake Associates, Inc.More Info
206-505-9426

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.