The Greenlake 6 offers an investor the opportunity to own a great building with larger units and with minor updating will be able to attain market rate rents. With minor updates, a new owner can achieve a stabilized CAP of 5.46%. The building is located in the sought after Greenlake neighborhood with its popular recreational activities. It offers 2.5-mile walking trail and 4-mile bike trail around the lake as well as soccer fields, fishing, baseball fields, tennis courts, paddle boarding and many other water activities that happen year-round. This location provides quick access to South Lake Union, University of Washington’s main campus, the Woodland Park Zoo as well as many restaurants and entertainment establishments in the area.
Current Location
