Investment Highlights
- Rare Trophy Asset: Lakefront on Washington is widely recognized as a premier residential destination, benefiting from strong local brand recognition and sustained renter demand.
- Substantial Capital Improvements Completed: Including new deck coatings, pool deck, and glass railings. Completed work on the bulkhead, dock, and pilings minimizes future capital expenditures.
- Premier Waterfront Living: Resort-style amenities including an outdoor pool, grilling stations, private swim deck on Lake Washington, and 15 private boat slips with income upside.
- Impossible to Replicate, No Direct Competition: Current building restrictions make it virtually impossible to replicate an asset such as Lakefront on Lake Washington anywhere in the Pacific Northwest. As the only apartment community with more than 50 units in the Leschi and Madrona neighborhoods, the property faces no direct competition within its immediate submarket.
- High Barrier-to-Entry / Affluent Location: Surrounding home prices in the Leschi neighborhood are $1.2 million making a mortgage payment roughly three times more expensive than renting at Lakefront on Washington. Highly affluent demographics with an average household income is $168,991 within one mile Lakefront on Washington.
- Proximity to Seattle & Eastside Employers: Centrally located between Seattle and Bellevue with convenient access to both employment centers. Judkins Park Link Light Rail station (opening March 2026) is located just 1.5 miles from the community and will provide fast and convenient transit options between both destinations.
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