Victory Heights Homes with 56 - 10+ Units Style

Victory Heights Homes with 56 - 10+ Units Style

**Welcome to Victory Heights - Seattle's Hidden Gem!**

Nestled in the heart of Seattle, Washington, Victory Heights is a charming residential community that perfectly blends suburban tranquility with urban convenience. Known for its lush greenery and friendly atmosphere, this neighborhood is a true haven for families, young professionals, and anyone looking to enjoy a vibrant community lifestyle.

Victory Heights features a diverse array of homes, including a unique collection of properties with 56 to over 10 units. These homes are designed to cater to a variety of lifestyles, offering spacious layouts, modern amenities, and beautiful outdoor spaces. Whether you're seeking a cozy townhome or a larger multi-unit property, Victory Heights has something for everyone. The architectural styles range from contemporary designs to classic Seattle aesthetics, ensuring a captivating streetscape that reflects the character of the community.

One of the standout features of Victory Heights is its commitment to community living. Residents enjoy access to well-maintained parks and recreational facilities, making it easy to embrace an active lifestyle. The neighborhood is also conveniently located near major thoroughfares, providing quick access to downtown Seattle, shopping, dining, and entertainment options.

With its welcoming vibe, beautiful homes, and prime location, Victory Heights is more than just a place to live—it's a community where you can thrive. Explore the possibilities of making this delightful neighborhood your new home, and discover the perfect blend of comfort and convenience in the heart of Seattle!

Newest Victory Heights Homes with 56 - 10+ Units Style

$2,995,000
2503489 MLS ⋅ ACTIVE Status
6.26% CURRENT CAP RATE | Capri Apartments is a meticulously maintained 15-unit, courtyard-style apartment community located in the bustling Lake City neighborhood of Northeast Seattle. Originally constructed in 1962, Capri features copper plumbing and has undergone significant capital improvements over the past decade, including a new PVC roof (2024), updated electrical breaker panels (2016), luxury vinyl plank flooring and stone countertops in all units, double-pane vinyl windows, and a renovated exterior staircase, positioning the asset as both a desirable community for residents and a low-maintenance investment for ownership. The property offers an ideal unit mix, comprised of nine 2-bedroom units averaging 783 square feet and five 1-bedroom units averaging 683 square feet. Residents benefit from a central courtyard setting with lush greenery, on-site communal laundry (two washers & two dryers), 14 large storage lockers, and 16 off-street parking stalls available on a first-come, first-served basis. A new investor can capitalize on Capri’s current operations, which generate a 6.26% cap rate on in-place income, or execute a value-add business plan by converting the common laundry room into a 16th studio apartment (buyer to verify) and installing ventless, all-in-one washer/dryer combo units in each apartment to capture a 7.25% cap rate post renovation.

11521 26th Avenue NE, Seattle

Listing courtesy of Blake Investment Advisors.

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