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4541, 55th St, Seattle, WA 98105
$2,480,000

Description

Cedrus (Status: Pending)

4541, 55th St, Seattle, WA  98105

Steps from Burke-Gilman hike/bike trail, the Cedrus is nestled in the residential neighborhood of Hawthorne Hills in NE Seattle. This spacious 8-unit garden-style consists of two 1B/1B, five 2B/1B & one 3B/1B owner’s unit. The Cedrus is well-connected to U-Village and U of Washington. Seattle Children’s Hospital, Metropolitan Market & City People are within a short walk. This walkability to amenities attracts a high-quality, stable tenant base and has lent to virtually no vacancy over the course of current ownership. These spacious well-located units currently rent at below market rates provide investors with a true value add opportunity, recapturing loss to lease in the near term with additional rental upside realized upon renovation and reposition.

Listing Details

Asset Class: Multi-Family
Year Built: 1956
Building Total Square Feet: 6465
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information: LR1 (M)

CBA

Listing Courtesy of: Lee & Associates Commercial Real Estate Services

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.

  • Address: 4541, 55th St, Seattle, WA 98105
  • City: Seattle
  • State/county: WA
  • Zip/Postal Code: 98105
  • Neighborhood: U-District
  • Country: United States

Detail

Updated on September 20, 2021 at 8:25 pm

  • Property ID: 641489
  • Price: $2,480,000.00/For Sale
  • Property Size: 6465 Sq Ft
  • Property Type: Multi-Family
  • Property Status: Pending

Contact info

Windermere Commercial
Windermere Commercial
360-676-5900

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