The Fountain Apartments are located in a quiet, residential pocket North of Seattle’s desirable neighborhood, Greenwood. Originally constructed in 1988, The Fountain Apartments has been carefully maintained and updated to ensure that it is a desirable community for tenants and a low-maintenance asset for ownership. Comprised of four 520 SF one-bedrooms and four 795 SF two-bedrooms, the property offers a range of living spaces that have strong historical occupancy.

Greenwood is one of Seattle’s vibrant, walkable and community oriented neighborhoods offering unmatched access to 620,000+ jobs at companies such as Amazon, Google, Expedia, Meta, Microsoft as well as some of the largest hospitals on the West Coast including Swedish Hospital, UW Medical Center, Harborview Medical Center, and more.

The Fountain Apartments has been exceptionally maintained including a new roof replaced in the last 5 years, renovated common areas, and 6 of 8 units having undergone complete renovations. The interior of the units offer spacious layouts, with select units having decks. Interior unit renovations consist of luxury vinyl plank flooring, quartz countertops, undermount sinks, stainless steel appliances, matching bathroom vanities and new bathtub/tile surround. The Fountain presents an opportunity for an incoming investor to finish the remaining two units and stabilize above a 6.5% cap rate.