The Penrith Apartments 4704-4708 22nd Ave NE Immeuble residentiel 15 lots 3 177 982 € (211 865 €/Lot) Taux de capitalisation 5,03 % Seattle, WA 98105

The Penrith, located in the University District, offers a vibrant and diverse atmosphere with a range of amenities and job opportunities. With the University of Washington just 0.4 miles away, residents benefit from all there is to offer at University Village (120+ shops & restaurants) and “The Ave” which is famous for its food scene, coffee and nightlife. The University District also offers great transit options, with the U District Light Rail Station just 0.7 miles away with convenient access to Seattle. The University District has 50,097 total students enrolled with 71% of them living in off campus housing. As it continues to grow, the university is projected to have a population of 80,479 by 2028. Recently UW’s Master plan was approved by the Seattle City Council and calls for up to 6,000,000 square feet of new construction over the next 10 years. With over 1M+ square feet of office space and 150K of Biotech/Life Science Labs, the university offers excellent access to employers aside from all Seattle has to offer. The Penrith has been exceptionally maintained with all 15 units offering efficient layouts. Interior unit finishes consist of luxury vinyl plank flooring, fermica countertops, white appliances, matching bathroom vanities and new bathtub/tile surround. Laundry facilities are located on site and the property offers 14 off street parking spaces. The Penrith presents an opportunity for an incoming investor to further light renovations and increase parking revenue.