The Lee & Associates Northwest | Multifamily Team is pleased to present the Cedrus Apartments nestled in the sought-after residential neighborhood of Hawthorne Hills in North East Seattle. Built in 1956, this spacious 8-unit garden style building consists of two 1 Bed/1 Bath and five 2 Bed/1 Bath and one 3 Bed/ 1 Bath owner's unit. Additional amenities include designated off-street parking as well as common laundry.

Steps from the Burke-Gilman hike/bike trail, the Cedrus is a well connected to University Village and University of Washington. Seattle Children’s Hospital as well as the Metropolitan Market and City People Mercantile are within a short walk from the Cedrus. This walkability and proximity to amenities attracts a high-quality, stable tenant base and has lent to virtually no vacancy over the course of current ownership.

These spacious well-located units provide investors with a true value add opportunity, recapturing loss to lease in the near term with additional rental upside realized upon renovation and reposition.