The apartments have excellent income and are running at a 5.37% cap rate, located a block from the Burke Gilman Playground Park and the popular Burke Gilman Trail in the affluent Windermere Circle neighborhood. To the North are Magnuson Park and the Hawthorne Hills, Laurelhurst to the South, and along the eastern border lies Lake Washington. The property was recently renovated with new kitchens, washers and dryers, upgraded bathrooms, a new french drain, and with copper plumbing throughout. This is a very low maintenance, turnkey property. Several employers are located near-by; Seattle Children's Hospital is two blocks away and the University of Washington is a straight shot along Sand Point Way. There's plenty of shopping along 45th St and Sand Point Way, and also just under a mile away at the University Village. With easy access to the 520 and I-5, the apartments are a prime location for professionals who enjoy the convenience of the city and the quiet sanctuary of the Windermere Circle neighborhood.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
