9318 Stone Avenue N, Seattle, WA 98103

Built in 1987, this 8 unit building has a great mix of one and two bedroom units. The rents are extremely low. With minimal effort, the rents in the area will allow for a mid-5% cap deal in the Greenlake area. With Puget Sound to the west and Greenlake to the east this building has excellent location for any buyer. Huge upside in rents. Great unit mix. Value add opportunity. Motivated seller. PROFORMA CAP 5.88%.