Overview

Highlights

• Four desirable 2 bedrooms 2 baths with private balconies, perfect for the modern work-from-home demands.
• In-Unit washer and dryers with stainless steel appliances and hardwood flooring through out each unit.
• Secure garage parking for 6 vehicles currently not being charged for and 3 off-street parking spaces.
• Well-situated nearby amenities & employment drivers.
• Below market rents, provides potential buyers future income upside.
• Low maintenance building with steady cash flow.
• Community space in the backyard for tenants’ gardening

Description

The Lee & Associates Northwest | Multifamily Team is pleased to present the Wedgwood Four, a four-unit building located in the northwest portion of the highly sought-after residential neighborhood of Wedgwood. Constructed in 1992, this spacious condominium quality building has an average unit size of 996 SF. This property is well-maintained with an attractive unit mix of 2 bedrooms and 2 baths on all the units, ideal for work-from-home environment.

Wedgwood Four is well-appointed with every unit featuring hardwood floors, stainless steel appliances, ample storage spaces, in-unit washer and dryer as well as private balcony. Each unit is individually metered and 3 out of 4 hot water tanks were replaced in September 2020. Residents benefit from secured parking garage accommodating six full-sized vehicles as well as three off street parking spaces in front of the building.

With a historical record of near 100% occupancy, the Wedgwood Four appeals to a tenant profile looking for quiet residential living while still having the convenience of proximity to many local eateries, shops and groceries in Wedgwood and the nearby neighborhood of Maple Leaf.

The Wedgwood Four is perfect opportunity for both owner occupants and investors looking to acquire a low maintenance asset with steady cash flow, in a highly desirable location.

Location

Wedgwood Four is centrally located just under a 10-minute drive from University Village, Matthew’s Beach Park, Green Lake, the University of Washington, and Seattle’s hockey team, Kraken’s new training facility in Northgate.

Situated in Wedgwood and bordering on Maple Leaf, Wedgwood Four offer its residents the best of both neighborhoods’ retail, restaurants, local parks and amenities. Residents can choose to patronize the coffee shops, retail and grocery amenities along 35th Ave NE, Roosevelt Way or 15th Ave NE.

Within walking distance to public transit and bike lanes, Wedgwood Four residents also enjoy convenient access to I-5 and Highway 522. This makes an easy commute to South Lake Union, Bellevue, and Kirkland where many of the tech campuses such as Google, Facebook, Amazon are located.

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