Carolyn Court (Status: Available) 4998000

9512, Interlake Ave, Seattle, WA  98103

The offering provides the opportunity to acquire Carolyn Court (”the Property”), a 21-unit, three-story apartment building located near the Northgate district of Seattle, Washington. This is a quality asset built in 1989 with a proven value-add plan to renovate the remaining classic units and improve the net operating income by an estimated 40%, while benefiting from growth in a transportation and an amenity-rich Seattle location. The Property is well located, offers large floor plans, and current rents are roughly 27% below market, allowing investors to capitalize on an attractive value-add opportunity. The Property features a mix of one and two-bedroom units with classic and renovated finishes (see Rent Roll Summary for breakdown). Full renovations have been made to three units (101, 201

Listing Details

Asset Class: Multi-Family
Year Built: 1989
Building Total Square Feet: 21000
Available Lease Space Square Feet: 15080
Number of Floors: 3
Total Parking Spaces: 21
Local Zoning Information: LR3

Listing Courtesy of: CPX LLC

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.