Emerald Place Apartments (Status: Pending) 12000000

13437, GREENWOOD AVE, Seattle, WA  98133

Emerald Place is a solid mid-century 45-unit building located in one of the most stable rental submarkets, North Seattle’s Bitter Lake neighborhood. The subject property consists of spacious units with high quality renovations that offer many options to increase current rents. The current rents are well below market and offer immediate higher income potential on turnover. Additionally, all the units have large utility closets with separate hot water tanks perfect for adding laundry as another substantial long-term value addition. The large floor plans also offer the potential to add an additional bedroom or den which caters to the large need for work-from-home space. Several of the units have already been converted to add a bedroom/den. There is significant opportunity to streamline

Listing Details

Asset Class: Multi-Family
Year Built: 1976
Building Total Square Feet: 44656
Available Lease Space Square Feet: 37260
Number of Floors: 3
Total Parking Spaces: 0
Local Zoning Information: LR3

Listing Courtesy of: Westlake Associates, Inc.

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.