The offering provides the opportunity to acquire View at Greenwood (“the Property”), a mixed-use apartment building located in Seattle’s Greenwood neighborhood. Constructed in 2013, the Property features condo-quality finishes and consists of 11 one-bed/one-bath, two two-beds/two-bath, two townhome-style units, and two commercial spaces. The Property presents a buyer with a turnkey and stabilized investment that offers upside by implementing additional revenue streams such as charging tenants for utility usage, pet rent, gated garage parking, and storage fees. The current rents are approximately 18% below market, allowing investors the opportunity to increase income at the property without extensive renovations or additional spending.
