Raleigh Manor Apartments 12000 15th Ave NE

Prime Location: Located at 12000 15th Ave NE, Seattle, WA 98125, Raleigh Manor Apartments is situated in the bustling Northgate neighborhood. This prime location is undergoing significant development, including the new Northgate Light Rail Station, enhancing connectivity and attracting a growing population.
Diverse Revenue Streams: The property features multiple family units and three retail stores on the ground floor, offering diversified income sources. The combination of residential and commercial tenants ensures a stable and reliable revenue stream.
High Demand and Occupancy Rates: Seattle's strong rental market and high demand for quality housing contribute to consistently high occupancy rates. The desirable location and well-maintained units attract a wide range of tenants, ensuring steady cash flow and minimizing vacancy risk.
Modern Amenities and Features: Recently updated with contemporary finishes and modern appliances, the apartments appeal to a broad tenant base. Features such as secure parking, on-site laundry facilities, and pet-friendly policies add to the property's attractiveness.
Retail Space Potential: The three ground-floor retail stores benefit from high foot traffic and visibility, making them highly attractive to local businesses. This adds an additional layer of income stability and potential growth.
Future Growth Potential: The Northgate area is poised for substantial growth with ongoing and planned infrastructure projects. New commercial developments, educational institutions, and recreational facilities will drive demand and property value appreciation.
Professional Management:The property benefits from a dedicated management team that ensures smooth operations, tenant satisfaction, and effective maintenance, reducing the owner's management burden.
Attractive Financing Options: With favorable interest rates and financing options available for commercial real estate investments, Raleigh Manor represents an excellent opportunity for investors seeking long-term growth and stable returns.
Investment Summary: Raleigh Manor Apartments offers a compelling investment opportunity with its prime location, diverse revenue streams, high occupancy rates, and significant future growth potential. The addition of retail stores enhances the investment's attractiveness, promising both immediate returns and long-term capital appreciation.