Multifamily
The Corinthian
1705 Summit Ave, Seattle, WA 98122
Listing Price: $9,500,000
Investment Overview
50-unit apartment community located in Seattle’s vibrant Capitol Hill neighborhood. The Corinthian is available for acquisition as an individual asset or as part of a larger five-property Capitol Hill portfolio totaling 321 units, providing investors with a unique opportunity to achieve operational efficiencies and economies of scale within one of Seattle’s highly sought-after rental markets.
The Corinthian
Investment Highlights
- Well Maintained Asset with Pride of Ownership: Charming 1924 brick apartment community that has been meticulously maintained while preserving its historic character.
- Large Floor Plans and Attractive Unit Mix: Well-balanced mix of studio, one-bedroom, and two-bedroom floor plans averaging ±557 square feet with custom built-ins and abundant natural light.
- Stable Cash Flow with Value-Add Potential: Fully stabilized community with historically strong occupancy and low resident turnover. An incoming owner can execute a value-add investment strategy.
- Exceptional Capitol Hill Location: Situated in the heart of Seattle's vibrant Capitol Hill neighborhood, the property boasts a Walk Score of 99 and Transit Score of 100. Residents enjoy immediate access to some of Seattle's most popular dining, retail, and entertainment destinations. Link Light Rail and the Seattle Streetcar are both located within five blocks.
- Potential Portfolio Sale: Available as an individual acquisition or as part of a larger Capitol Hill portfolio comprising five apartment communities totaling 321 units. The portfolio presents investors with a unique opportunity to achieve operational efficiencies and economies of scale within one of Seattle's most desirable urban submarkets.
Exclusively Listed By
Listing Price: $9,500,000
Investment Highlights
- Well Maintained Asset with Pride of Ownership: Charming 1924 brick apartment community that has been meticulously maintained while preserving its historic character.
- Large Floor Plans and Attractive Unit Mix: Well-balanced mix of studio, one-bedroom, and two-bedroom floor plans averaging ±557 square feet with custom built-ins and abundant natural light.
- Stable Cash Flow with Value-Add Potential: Fully stabilized community with historically strong occupancy and low resident turnover. An incoming owner can execute a value-add investment strategy.
- Exceptional Capitol Hill Location: Situated in the heart of Seattle's vibrant Capitol Hill neighborhood, the property boasts a Walk Score of 99 and Transit Score of 100. Residents enjoy immediate access to some of Seattle's most popular dining, retail, and entertainment destinations. Link Light Rail and the Seattle Streetcar are both located within five blocks.
- Potential Portfolio Sale: Available as an individual acquisition or as part of a larger Capitol Hill portfolio comprising five apartment communities totaling 321 units. The portfolio presents investors with a unique opportunity to achieve operational efficiencies and economies of scale within one of Seattle's most desirable urban submarkets.
Investment Overview
50-unit apartment community located in Seattle’s vibrant Capitol Hill neighborhood. The Corinthian is available for acquisition as an individual asset or as part of a larger five-property Capitol Hill portfolio totaling 321 units, providing investors with a unique opportunity to achieve operational efficiencies and economies of scale within one of Seattle’s highly sought-after rental markets.
Exclusively Listed By
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