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Terra Apartments – Click Here for More Information2018-06-21T19:47:07+00:00

Project Description

Seattle, Washington

Terra Apartments is a 17 unit community built originally in 1971 but completely renovated in 2016. The property consists of primarily 1 bedroom floor plans, three 2 bedroom units and two very large penthouse units with 3 and 4 bedroom layouts. The property features include a central elevator providing access to all units, private laundry facilities in every unit, 22 parking stalls, secured entry access and a pleasant community patio and grilling area. There is also continued upside in the form of 16 small storage lockers and the former common laundry room which are not being fully utilized or monetized.

The property is located in the Greenwood neighborhood, just a few blocks 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.

Transaction Details

CLOSING PRICE

$5,850,000

CAP RATE

5.1%

BUYER

Private Investor

SELLER

Cadence Real Estate

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