6710 Greenwood Avenue N 1-6, Seattle, WA 98103

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6710 Greenwood Avenue N 1-6, Seattle, WA 98103

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Listed by: Dan Swanson - Kidder Mathews

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est.$2,695,000/month.

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beds. baths. 5,000 Sqft.

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This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Mortgage Broker

John Juge
Highlands Residential Mortgage
jjuge@highlandsmortgage.com
(425) 275-1640
NMLS# 114272

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or Call Now: (425) 275-1640

6710 Greenwood Avenue N 1-6, Seattle, WA 98103

$2,695,000

Active

est.$2,695,000/month.

Start My Approval

beds baths 5,000 Sq.ft.

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Property details for 6710 Greenwood Avenue N 1-6, Seattle, WA 98103

Alchemy Apartments is a unique, like-new asset located in the heart of Seattle’s Phinney Ridge neighborhood. The property offers profitability, long term durability, & upside while providing walkability & modern finishes to residents. The Alchemy features fully remodeled 2-bed/2-bath residences averaging approx. 850 SF. Units have been upgraded with contemporary interiors, in-unit laundry, dishwashers, & modern systems. Constructed with a charming brick veneer exterior & just the right amount of old-world charm, Alchemy Apartments offers lasting quality & low-maintenance ownership, as the building will never require exterior repainting & all major systems have been completely updated. On-site parking is available for 5 vehicles. The Alchemy boasts a Very Walkable walk score of 89, with residents just steps from Phinney Ridge’s restaurants, coffee shops, grocery stores, & neighborhood services. The property is within steps of bus route 5 & is approximately a 1/2 mile from the E Line. Additionally, quick access to Interstates 99 & 5 allows for efficient commutes to Downtown, SLU, & the Eastside. The Alchemy offers a 5.7% cap rate based on current income & expenses, providing investors with immediate, in-place cash flow alongside immediate upside. This easy upside was demonstrated by the most recently rented unit going for $3,395. Irreplaceable location, strong rental performance & profitability, excellent transit connectivity, & turnkey condition. Fully renovated in 2013.

Broker details: Kidder Mathews

Listed by: Dan Swanson