Valley View Apartments is a well-cared for, stabilized asset with upside in one of Seattle’s most sought-after neighborhoods. Six spacious 600sf, 1b/1b units, updated over the years with new cabinets, quartz countertops, and updated appliances. Common laundry and a private landscaped backyard. Off-street parking and easy commuting.
Minimal deferred maintenance and room to increase performance and capture upside through modernizing interiors. Buyers can expect upwards of a 5.15% stabilized cap-rate and a 4.50% stabilized cash-on-cash return without much of the heavy lifting typically required in a value-add purchase.