Bayview West
Multifamily | 20 Units | $232,500/unit
Marketing description
Constructed in 2016, Bayview West offers a modern living experience with 20 units comprising studios, one-bedroom, and two-bedroom apartments. These upscale units boast sleek finishes, urban layouts, easy-care plank flooring, stainless steel appliances, large windows, in-unit washer and dryers, and patios in select units.
The adjacent property at 2233 NE 46th Street is also for sale, totaling 47 units, are ideally positioned to meet the high demand for student housing with their proximity to the University of Washington campus, University Village, and convenient access to Sound Transit link light rail and bus lines for quick commutes to downtown Seattle.
The combination of the mid-century charm of The Bayview and the contemporary elegance of Bayview West provides a unique blend of housing options, appealing to a broad spectrum of tenants.
• Cap Rate: 5.57% in place
• Assumable Debt: Chase at 3.25% interest-only
This is an exceptional opportunity for investors to acquire a significant number of units in an A+ location within a highly desirable asset class
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