Located in Wallingford, The Ashworth is a strong value-add opportunity. Current operations are profitable, and there is significant potential for increased income. Current rental rates are below market rates, and there is room for renovations. By adjusting rental rates and lowering operating expenses to align with the market, a new operator could likely boost income by approx 40%. Residents love the central location, with convenient access to downtown Seattle, South Lake Union, and the Eastside, while living in a peaceful residential setting that offers an array of local amenities. Outdoor recreational venues in the immediate vicinity incl Gasworks Park, the Woodland Park Zoo, The Woodland Park and Green Lake Trail.
Current Location
