Investment Overview

Located in the Lake City neighborhood of Seattle, the Lake City 4 is a quadraplex built in 1966. The building consists of four two-bedroom, one bath units ranging from 795 SF to 875 SF. The property was extensively renovated. Unit amenities include a hardwood floors, tile in bathrooms, a fenced yard with patio for ground level units, newer appliances including oven, range, microwave and a refrigerator. There is a laundry facility on site and four off-street parking spaces. The Lake City 4 boast a Walk Score of 74, Very Walkable, and a Bike Score of 77, Very Bikeable. In addition residents are a 20 minute bus ride from Downtown and the University of Washington via bus routes 522 and 372E respectively. Grocery Outlet, Fred Meyer Grocery, and Safeway are all within a mile of the property. The Burke-Gilman Trail, Seattle’ s premier running and bike path is just over a mile to the east. Olympic Hills Elementary, John Rogers Elementary, Jane Adams Middle School, and Nathan Hale High School are all located within a mile of the Lake City 4. Several restaurants and bars are also within walking distance including the Elliot Bay Brewing Company. Seattle is ranked as the 5th fastest growing major city in the United States. It is home to dozens of major corporations including six Fortune 500 Companies: Amazon, Starbucks, Nordstrom, Weyerhaeuser, Expeditors International, and Alaska Airlines. The headquarters for four additional Fortune 500 companies are located in neighboring suburbs: Costco, Microsoft, Paccar, and Expedia. The Lake City 4 offers an investor an opportunity to acquire a well maintained asset with rental upside in one of Seattle’s emerging neighborhoods.