4450 Green Lake Way N, Seattle, WA 98103

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4450 Green Lake Way N, Seattle, WA 98103

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Courtesy of: Diane Cao | Realogics Sotheby's Int'l Rlty
$5,950,000 Seattle, WA 98103
  • 0.11 Acres
  • King County

Key Features

  • MLS ID: 2334643
  • Year Build: 1905
  • Status: Active
  • Property Type: Residential Income
  • Area: 705 - Ballard/Greenlake
  • Exterior: ["Wood"]
  • Address: 4450 Green Lake Way N, Seattle, WA 98103
  • City: Seattle
  • State: WA
  • Zip: 98103
  • County: King

Description

Wallingford X is a 25-unit multifamily property (18 studios, 7 - 1 bedroom/1 bathroom) perched above the vibrant and highly sought-after Wallingford neighborhood. The units feature lake, city, and territorial views that charms tenants and keeps the property at high occupancy. The asset is fully occupied for the next 4 years with 4% annual increases. Each unit offered fully furnished was renovated with brand new flooring, new hardware, fixtures, and trim, and the owners installed new kitchens & kitchenettes. Wallingford X represents a strong value-add investment with its current rents providing steady cash-flow and opportunity for significant upside from market rents and future redevelopment of up to 66 SEDU or 77 congregate housing units.

Property Map

Street parking available

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