Unbeatable location, property with upside. An experienced real estate investor purchased this multi-family property (8 units total consisting of a triplex and a 5 unit) in Seattle’s Crown Hill neighborhood. North Seattle has some great neighborhoods; one of those is Crown Hill. Just north of Ballard, this neighborhood has easy access to I-5 freeways and downtown Seattle. From the upper floors, views of the Puget Sound are to the West. The borrower plans to reposition this multi-family property as the elderly seller lost interest and let some of the upkeep go unattended. Seattle Funding Group provided the necessary commercial financing allowing the borrower to do some light rehab, increase rents, re-tenant 3 units then refinance once the property is stabilized.
