Paragon Real Estate Advisors is pleased to offer for sale The Surf Apartments. Well located along the shores of Alki, the Surf Apartments offers an investor the opportunity to acquire a well maintained, low-maintenance apartment community with vintage appeal in an incomparable beach-side setting.
The future owner can choose to take advantage of the strong Seattle rental market by increasing rents to market levels and beginning to charge for utilities and other features. Additionally, the new owner can renovate and update the property to create additional value and increase rent potential significantly.
- Highly desirable Alki Beach location in West Seattle
- First time on the market in over 50 years!
- Less than a block from the beach
- Easily achieved income upside and potential to add value
- Walking distance to eateries, shops, parks and more
- Efficient 1BD units with built-in storage
- Well maintained building with mid-century architecture
- Vinyl windows, hardie fiber cement siding, new exterior paint
- Updated electrical service, new water supply main-line
- 3+ off-street parking stalls
- Common laundry and tenant storage lockers