1300 6th Ave N
- Excellent Lower Queen Anne location
- Stable, well-maintained asset
- 23% mark-to-market rent opportunity with minimal capital
- Simple execution through natural turnover
- Result: increased NOI and substantial value creation
Property Description
Located in Seattle's highly desirable Lower Queen Anne neighborhood, this well-maintained six-unit apartment building offers investors the ideal combination of stable in-place income and meaningful upside. Current rents are approximately 23% below market, providing the opportunity to increase cash flow through routine tenant turnover and market rent adjustments—without the need for significant capital improvements.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,650,000 |
| No. of Units: | 7 |
| Year Built: | 1962 |
| Lot Size: | 0.09 Acres |
| Opportunity Zone: | No |
| Price per unit: | $235,714 |
| Property Website | Click Here |
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