Greenwood North Apartments

Cushman & Wakefield Capital Markets (“C&W”) is pleased to present an exclusive opportunity to acquire Greenwood North Apartments (the “Property”), a prime value-add investment located in the highly sought-after Greenwood neighborhood of North Seattle. This building is being offered for sale for the first time in over 40 years and has been meticulously maintained and cared for during that time. A tour of the property will reveal the true pride of ownership and the attention to detail evident throughout. Each unit features a private balcony or patio, and nine units have had washer and dryer installations, showcasing part of the value-add potential. By completing interior renovations and adding washers and dryers to the remaining units, average rent per unit could increase by approximately 25%. With each unit averaging over 1,000 square feet, Greenwood North offers a rental product that is both rare and not being replicated by new developments in the area. Greenwood North is conveniently located near a variety of retail amenities, highlighting its walkability. With the new North End light rail stations opening, the property is just 3 miles from the Shoreline light rail station and 9 miles from Seattle’s commercial business district. It also provides easy access to Northgate, Crown Hill, Phinney Ridge, and Ballard.