3116 NW 85th St
Seattle, WA 98117
Golden Gardens Apartments · Multifamily Property For Sale · 11 Units

Originally built in 1963, Golden Gardens has undergone substantial renovations over the tenure of current ownership which commenced in 2013. This professionally owned and managed multifamily property comprises of ten one-bedroom units that range between 400 and 750 square feet, as well as one 827 square foot two-bedroom unit. Each unit interior has been fully updated with new kitchen appliances (complete with dishwash-ers, cabinetry, and quartz countertops). The units feature carpeted bedrooms and vinyl plank flooring in the living areas, and modern light fixtures. Bath-rooms have been upgraded with new sinks, tub surrounds, and vanities. Each unit has laundry machines tucked away in discreet linen closets. Golden Gardens is a turnkey eleven unit apartment building walking distance from Golden Gardens Park in Loyal Heights. Established in 1907, Gold-en Gardens Park served as an escape for locals caught up in the urban hustle of the early twentieth century, an allure that it still retains today. Offering sprawling views of the Puget Sound and Olympic Mountains, the park now serves as a beachfront oasis in the summer months. Miles of running trails, vol-leyball courts, and playgrounds can be found in the park. The bathhouse serves as a concession stand in summer months and a rentable event venue. Fronting 85th street, Golden Gardens provides tenants ample parking and access to multiple bus lines which ease commutes downtown. As a fully stabilized investment, Golden Gardens offers the next owner the opportunity to profit from continued rent growth without the need to dramatically improve the physical characteristics of the building. As such, Golden Gardens is uniquely positioned to draw tenants who appreciate proximity to the beach, and affordability when compared to the urban core. As more tenants continue moving further away from downtown, Golden Gardens is positioned well to be a long term portfolio addition.