Hanford Studios, a newly constructed property in South Seattle, offers an exceptional investment opportunity with near 100% occupancy following its successful lease-up. Recent leases have achieved and exceeded market rates, highlighting proven rental upside potential. Priced attractively at just over $170k per unit for 2023 construction, this asset provides built-in high returns for new ownership through stabilization by aligning rents and expenses with market rates. Located within two blocks of the Mount Baker Light Rail Station and a 4-minute walk to multiple bus routes, Hanford Studios boasts unparalleled transit access. The property features 33 thoughtfully designed studio units averaging 247 SF, complemented by a ground-level lounge, outdoor amenity space, and common laundry facilities. Situated in a vibrant, walkable neighborhood with Excellent Transit and Walk Scores of 70 and 82, respectively, the property benefits from a robust renter pool, with 43% of housing units in the area renter-occupied. Hanford Studios is a rare opportunity to acquire a stabilized, transit-oriented asset with significant upside in one of Seattle’s most dynamic submarkets.