Colliers Pacific Northwest Multifamily Advisors present the Rosada Apartments, a value-add investment opportunity nestled in the heart of Capitol Hill, where life in Seattle is lived. This property provides excellent cash flow, as well as a perfect opportunity to affect a significant upside to income. The asset is comprised of five one-bedroom units. The homes feature spacious floorplans, lots of natural lighting and unique vintage charm. The lot also contains a large back yard that can be turned into an amenity space to boost marketability, income and occupancy retention.
Located in a top-tier Seattle submarket, Rosada is surrounded by one of the fastest growing job markets in the country. Capitol Hill provides easy access to both the Seattle’s Central Business District and the Eastside, and is walking distance to Seattle University, Seattle Central College, First Hill Medical District, the Pike/Pine Corridor, Broadway, and the 15th Ave retail corridor. Tenants will enjoy the phenomenal location, access to amenities, and their comfortable apartment homes – as an owner you will enjoy the strong cashflow and ability to easily boost your returns.
This asset provides an opportunity for an investor to take advantage of easy upside plus value appreciation in an A+ location within one of the best rental markets on the West Coast.
Through unit upgrades and capturing potential for utility recovery and off-street parking
96 Walk Score, walking distance to Pike/Pine, Broadway, Madison St, East Union St, and 23rd Ave
Excess space in the back yard presents the opportunity to add an amenity boost to income, marketability, and maintain occupancy
Well maintained with no deferred maintenance and proficient systems will allow for easy management
$1,245,000
$249,000
$390
5.0%
4.0%
1132 19th Avenue, Seattle, WA 98122
4,850 SF (0.11 acres)
722850-2570
SF 5000
3,189
651
1922
5
Rosada has a Walk Score of 96, a Walker’s Paradise, where daily errands do not require a car. Along Broadway East, tenants can access the light rail station, which offers unobstructed passage to Downtown Seattle (three minutes), University of Washington (three minutes), and Seatac Airport (40 minutes). Also on Broadway, the First Hill Streetcar provides quick transport from Capitol Hill, past Seattle University and into the International District, where riders can connect to Union Station for interstate bus and train voyages. Walking distance to eight bus routes, offering a cheap, swift journey to anywhere in the city and beyond.
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