Investment Highlights
- Transit-Oriented Community : Situated in the heart of Seattle's Judkins Park neighborhood with easy access to downtown Seattle and the Eastside via I-5 and I-90. Within a 5-minute walk to Light Rail.
- Meticulously Maintained: Constructed in 2014 with modern finishes, the community has been thoughtfully maintained, offering a turnkey asset priced well below replacement costs.
- Light Value-Add Opportunity: Ability to capitalize on rental upside through light cosmetic upgrades to remaining units.
- Favorable Market Fundamentals: Average HH income of $126,588 within one mile of the property, and an extremely minimal supply pipeline with only 37 units currently under construction.
- Attractive Rent Affordability & Quality of Life: Return-to-office momentum is reactivating urban neighborhoods and strengthening rental demand. With homeownership costs remaining high, 999 Hiawatha offers residents a high-quality lifestyle at approximately one-third the cost of owning a home.
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