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About the Listing 128 - 38720
Alchemy Apartments is a unique, like-new asset located in the heart of Seattle’s Phinney Ridge neighborhood. The property offers profitability, long term durability, & upside while providing walkability & modern finishes to residents. The Alchemy features fully remodeled 2-bed/2-bath residences averaging approx. 850 SF. Units have been upgraded with contemporary interiors, in-unit laundry, dishwashers, & modern systems. Constructed with a charming brick veneer exterior & just the right amount of old-world charm, Alchemy Apartments offers lasting quality & low-maintenance ownership, as the building will never require exterior repainting & all major systems have been completely updated. On-site parking is available for 5 vehicles. The Alchemy boasts a Very Walkable walk score of 89, with residents just steps from Phinney Ridge’s restaurants, coffee shops, grocery stores, & neighborhood services. The property is within steps of bus route 5 & is approximately a 1/2 mile from the E Line. Additionally, quick access to Interstates 99 & 5 allows for efficient commutes to Downtown, SLU, & the Eastside. The Alchemy offers a 5.7% cap rate based on current income & expenses, providing investors with immediate, in-place cash flow alongside immediate upside. This easy upside was demonstrated by the most recently rented unit going for $3,395. Irreplaceable location, strong rental performance & profitability, excellent transit connectivity, & turnkey condition. Fully renovated in 2013.
Listing Highlights
Status
Active
Days on Site
13
Property Type
Multi-Family
MLS ®
2478703
Year Built
1904
Total Square Footage
5,100
Lot/Acreage
0.11
County
King
Neighborhood
Phinney Ridge
School District
Seattle
Elementary School
West Woodland
Middle School
Hamilton Middle
High School
Lincoln High
Interior Details
- Bedrooms: 12
- Bathrooms: 12 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Curbs,Paved,Sidewalk,Fenced-Partially,Zoning: Commercial,Multi-Family
- Garage Capacity: N/A
- Zoning: Commercial,Multi-Family
- Roof: Flat
- Others: Brick
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $18,781
- Taxes w/Assessments: N/A
- Tax/Property ID: 9468200041
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
6710 Greenwood Avenue N 1-6 Seattle, WA 98103
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