Steps from Burke-Gilman 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 UW. 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 & reposition.
Current Location
