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FREMONT | WA
CAROL APARTMENTS
4108 Fremont Ave. N, Seattle
The Ultimate
Infill.
CP acquired the Carol Apartments for $85,000/unit in 1999. CP rehabbed the existing building. A cashout refinance in 2005 returned the initial investment. A 2nd cashout refinance in 2014 funded construction of a 4-unit, ground up, addition. CP sold the asset in 2019 for 6.1x the purchase price.
Market
Fremont | Seattle, Washington
Address
4108 - 4110 Fremont Ave. N | Seattle WA
Unit Mix
10 units | 3 studios | 7 1-bd
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