Project Description

Seattle, Washington

Live Love Laugh Apartments is a 16 unit community built originally in 1971. The property consists of primarily 1 and 2 bedroom floor plans, with one massive 4 bedroom penthouse unit that was renovated in 2001. The property features include a central elevator providing access to all units, an on-site laundry room, 23 parking stalls, and secured entrance.

The property is located in the Greenwood neighborhood, just north of Green Lake. This location is conveniently within walking distance of great shopping, dining and entertainment options; with easy access to freeways and major bus routes.

Live Love Laugh is an excellent opportunity for an investor to take advantage of the available upside in rents, an owner/user to occupy the penthouse, or an investor looking to divide the penthouse into additional units.

Transaction Details

CLOSING PRICE

$3,175,000

CAP RATE

4.5%

BUYER

Cadence Real Estate

SELLER

Private Investor

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