4450 Green Lake Way N

Seattle, WA 98103

  • Bed

  • Bath

  • 10105 SqFt

  • 4 DOM

  • Built: 1905

  • Status: Active

$5,950,000

X

4450 Green Lake Way N

Seattle 98103

$5950000

  • Bed

  • Bath

  • 10105 SqFt

  • 4 DOM

  • Built: 1905

  • Status: Active

Krishna Regupathy

Principal Broker

(503) 893-8874

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.

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