Investment Opportunity: Zindorf Apartments in Seattle, WA by Simon | Anderson Multifamily Team at Kidder Mathews
With a prime location adjacent to Seattle’s renowned medical core and vibrant development activity, the Zindorf Apartments at 714 7th Ave in Seattle’s First Hill neighborhood offer a compelling investment opportunity for $11,000,000.
?? High-Rise Redevelopment Opportunity: 12,000 SF parcel in high-rise zoning (440').
?? Attractive Assumable Loan: $8M balance at 4.4% rate, interest only, maturing February 2028.
?? Value-Add Upside: Minimal unit updates needed to achieve market rents, stabilize to an 8% cap rate.
?? Excellent Building Quality: Reinforced concrete structure with updated plumbing and electrical systems.
Explore this exciting investment opportunity HERE to download the full marketing package!
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