Overview

Highlights

• Prime location: Centrally located between Fremont, Queen Anne and South Lake Union, walking distance to local amenities and major tech employers
• Appealing Unit Mix: Consists of spacious one 1-bedrooms, and seven 2-bedrooms, with peekaboo water views from the upper floor units
• Value-Add Potential: Future investors can gain over 27% rental upside in this pride-of-ownership building by rehabbing / modernizing units upon turnover.

Description

Lee & Associates NW Multifamily Team is pleased to present the exclusive listing of Waverly Court, an eight-unit apartment building in East of Queen Anne. Centrally positioned between Fremont, Queen Anne, and South Lake Union, Waverly Court offers its residents the convenience of walking distance to local amenities and major tech employers such as Meta and Google.

The property features an attractive unit mix consisting of one 1-bedroom and seven 2-bedroom apartments with the upper floor units offering peekaboo water views. With the average size of nearly 800sf, each unit has a livable and spacious layout. The building also boasts a private common patio for tenants to enjoy, as well as designated parking and common laundry.

By updating the units and modernizing the systems and amenities, investors are poised to realize over 27% potential rental upside. Waverly Court makes an excellent investment for investors who are looking to secure a prime location and maximize their returns through a strategic value-add play.

Location

Located just east of Queen Anne, Waverly Court provides tenants with unparalleled access to both employment and amenities. Nestled amidst tech giants like Meta and Google, a 15-minute walk or a short ride on public transit connects tenants to major employment hubs in South Lake Union, Downtown, and Fremont, making daily commutes effortless. Residents of Waverly Court benefit from easy access to the heart of Fremont, the scenic top of Queen Anne, and the bustling Uptown neighborhood. The area is rich with grocery stores, shops, local eateries, and entertainment options, as well as selections along Dexter Ave N and Westlake Avenue. Additionally, within 5-minute walk, the urban loop trail along Lake Union offers a scenic route for both locals and visitors to enjoy.

Waverly Court attracts those seeking a high-quality lifestyle with convenient access to Seattle's dynamic city living. This makes it an ideal choice for professionals and urban dwellers looking for a perfect blend of work and play.

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