Located in West Seattle, The West Seattle Townhouses is a four unit apartment building constructed in 1968 and sitting on a 6,900 SF lot. The West Seattle Townhouses has one studio flat and three two bedroom townhouses. One of the two bedroom units has undergone extensive renovations and will feature modern and high-end fixtures and appliances. The townhouse units have partial views of the ocean. There are also three garage parking spaces. Common area amenities include on-site washer and dryer. Significant capital expenditures have occurred in the past couple of years including new siding, exterior paint, deck railings, vinyl windows installed, and new hot water tanks.
The West Seattle Townhouses is located a block from the Puget Sound to the west and two blocks north of Lincoln Park. The ferry terminal at Fauntleroy with access to Vashon Island and Kitsap County via Southworth is just over a mile to the south. Safeway, Fred Meyer, Trader Joe’s, QFC, and Target are all within two miles of the property. Numerous restaurants, coffee shops, and bars can be found within a mile of the property. Downtown Seattle is approximately 7 miles to the northeast.
Seattle is ranked as the 5th fastest growing major city in the United States. It is home to dozens of major corporations including six Fortune 500 Companies: Amazon, Starbucks, Nordstrom, Weyerhaeuser, Expeditors International, and Alaska Airlines. Four additional Fortune 500 companies’ headquarters are located in neighboring suburbs: Costco, Microsoft, Paccar, and Expedia.
The West Seattle Townhouses offers an investor an opportunity to acquire a well maintained asset with value add up-side.
