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Alchemy Apartments is a unique, like-new asset located in the heart of Seattle’s Phinney Ridge neighborhood.The property offers profitability, long term durability, & upside while providing walkability & modern finishes to residents.The Alchemy features fully remodeled 2-bed/2-bath residences averaging approx.850 SF.Units have been upgraded with contemporary interiors, in-unit laundry, dishwashers, & modern systems.Constructed with a charming brick veneer exterior & just the right amount of old-world charm, Alchemy Apartments offers lasting quality & low-maintenance ownership, as the building will never require exterior repainting & all major systems have been completely updated.On-site parking is available for 5 vehicles.The Alchemy boasts a Very Walkable walk score of 89, with residents just steps from Phinney Ridge’s restaurants, coffee shops, grocery stores, & neighborhood services.The property is within steps of bus route 5 & is approximately a 1/2 mile from the E Line.Additionally, quick access to Interstates 99 & 5 allows for efficient commutes to Downtown, SLU, & the Eastside.The Alchemy offers a 5.7% cap rate based on current income & expenses, providing investors with immediate, in-place cash flow alongside immediate upside...See More
* There are no open house dates scheduled at this time. Please reach out to the lister for an in person or virtual viewing.

(Kidder Mathews)
MLS # NWM2478703
