on the market

Listings/The Edge Apartments

The Edge Apartments

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On the Market

PRICE: $4,900,000

TOURS DATES:

THURSDAY, JUNE 2 @ 1-3PM

WEDNESDAY, JUNE 8 @ 1-3PM

CALL FOR OFFER: Offers Reviewed Upon Receipt

 

To access the full Offering Memorandum and all deal-related documents, follow the document library link below.

 

Property Summary

Address
2515 Thorndyke Ave W, Seattle, WA
Total Units
13
Year Built
1959
No. of Buildings
1
Stories
3
NRSF
9,420 SF
Avg. Unit Size
725 SF
Laundry
In-Unit
Parking
10 Garage Spots

Opportunity

Investment Opportunity

Property has been extremely well cared for by owner & manager
Property was updated in 2017 with room for more value add

Value Add Opportunity

Ability to raise rents immediately to market rate rents
Management operations to charge for garage/storage
Opportunity to renovate units and raise rents upon turnover

Ideal Location

Sought after Magnolia neighborhood
True Seattle suburb and minutes away from downtown
Direct access to Ballard, Fremont, Queen Anne

Location

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The Edge Apartments

2515 Thorndyke Ave W
Seattle, WA 98199
Units: 13
Price: $4,900,000

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