Baker 38 is a 38-unit apartment community located in the fast-growing Mount Baker neighborhood in Seattle. With an 82 Walk Score, the property is conveniently located near the Mt. Baker Light Rail Station, restaurants, grocery stores, and retail amenities. In 2019, Cadence sourced the investment for Baker 38 directly and off-market.
At the time of closing in June 2020, the property was fully vacant and in need of extensive renovations. The renovation work included full kitchen and bathroom remodels, new flooring, repainting, light fixtures, and in-unit washer/dryer installations. Additionally, a former storage/laundry room was converted into a rentable unit. The exterior of the property also underwent a full roof replacement, repainting, breezeway repairs, and landscaping.
The renovations were completed within 9 project months and the property was fully occupied within 12 months.
- 82 Walk Score
- Located near Mt. Baker Light Rail Station
- Convenient to restaurants, groceries, and retail amenities
- Full kitchen and bathroom remodel
- New flooring and repainting
- New light fixtures
- Installation of clothes washer/dryers in the units