Attention Investors: Caracol Apartments features an opportunity to own 17 units (15 permitted) in the highly desirable Wallingford neighborhood. Conveniently located within a short drive to Fremont, Greenlake, University of Washington, and Downtown Seattle. Priced under $145K per permitted unit and operating at a current 6.1 cap, this building provides massive upside to the investor that can make needed upgrades to the building that would further increase rents and lower future repair costs. This building’s unique floor layouts, vintage charm, fireplaces and outdoor decks in select units, unbelievable downtown views, and on-site laundry facilities make Caracol an attractive living environment and potentially great investment.
Current Location
