Property Details

7919 Wallingford Ave N

Seattle, WA 98103

$3,250,000

Pending

CBA# 701986 courtesy of CBA Listing firm: Paragon Real Estate Advisors

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Commercial

Property Type

8,800

Bldg Sq Ft

Units

4.00%

Cap Rate

1969

Year Built

Property Overview

We are pleased to announce for sale the Abbey Apartments; an 11-unit, value-add building in a remarkable Green Lake location. Located just a parcel away from the north shore of Green Lake, the property has been owned and cared for by the same family that had it built and offers an investor the rare opportunity to acquire a high-quality asset with immediate income upside and value-add opportunity. The property features 7 – one-bedroom/one-bath units, 3 – two-bedroom/one bath units, and a spacious (1,400 SqFt) three-bedroom/two-bath penthouse. With an average unit size of 800 SqFt, residents enjoy generous living space in each home and units appeal to a wide range of renters. There is common laundry on-site with one of the two-bedroom units having its own in-unit washer and dryer, proving