A+ Seattle Location: Situated between Queen Anne, Ballard, and Fremont with direct access to South Lake Union, Downtown Seattle, and a bus stop at the front door.

100% Occupied, Zero Delinquency: Fully stabilized with no delinquency and no immediate CapEx requirements; day-one cash flow with minimal execution risk.

Well-Sized Unit Mix: 9 units averaging 738 SF across a mix of 1-bedroom and 2-bedroom floor plans, larger than typical urban products. A 10th unit is already on the rent roll, providing more density without entitlement risk or development timeline uncertainty.

Clear Value-Add Runway: Partial renovations have been completed and are already proving rent premiums; finishing the interior program is a low-risk, high-confidence path to additional NOI.

Untapped Income Streams: Parking is currently bundled into rent, storage income is unformalized, and RUBs collections have room to grow, creating three actionable opportunities to further income.

Professional Management Upside: Klahowya Apartments is currently owner-operated and transitioning to professional management is a direct, measurable performance enhancement that requires no capital.

Rare Price Point: Virtually no competing market inventory exists in Seattle’s $2M-$4M multifamily market, supporting both acquisition scarcity and long-term hold value.

Strong Demand Fundamentals: Less than 5 miles from Downtown Seattle, major tech, medical, and corporate campuses, and Seattle Pacific University, with over 3,500 students and 900+ staff/faculty.

Partial Water Views: Select units offer views of the Lake Washington Ship Canal, supporting premium rents and resident retention.