Description
We are pleased to present the exclusive listing of the Harrison Apartments, a rare investment opportunity in the heart of South Lake Union. Positioned on a 7,200 SF corner lot with alley access, this 12-unit apartment building is being offered for the first time in over three decades. The property features a fully occupied, yet underperforming, apartment complex with immediate value-add potential. Current rents are estimated to be approximately 40% below market, with additional upside achievable through unit renovations as turnovers occur. The building consists of 10 one-bedroom/one-bath units (approx. 700 SF each) and 2 two-bedroom/one-bath units (approx. 850 SF each). The interior of 5/12 units have been partially updated with new LVP flooring, sinks and countertops. Zoned SM-SLU 85-