Cap Rate
3.63%
GRM
20.13
Price Per SF
$523
Price Per Unit
$276,786
Units
28
Year Built
1959
Leasable Area
15,680 SF
Property Type
Apartments
DEBT FINANCING AGENT
INVESTMENT HIGHLIGHTS
- Opportunity Zone Benefits: The property is located in an Opportunity Zone, which offers significant tax benefits to investors, including deferral of capital gains taxes and the potential for tax-free appreciation.
- Strong Location: The property is located in a rapidly developing neighborhood that is attracting a lot of attention from investors and developers. The area is conveniently located near public transportation, schools, parks, and other amenities.
- Value-Add Opportunity: The property offers a value-add opportunity for investors to increase rents and improve the property’s overall value. The current rental rates are below market, and with a strategic approach, investors can capitalize on the potential for increased rents and value appreciation.
- Stable Cash Flow: Seattle’s robust economy, driven by major tech companies such as Amazon and Microsoft, is a significant factor in the strong demand for rental housing in the area. This provides investors with a stable cash flow and potential for long-term appreciation.
Broker of Record
- Brian Brockman
- License No. 21256 (WA)
- (866) 889-0550
- Bang Realty, Inc.
- 11427 Reed Hartman Hwy Suite 236,
Cincinnati, OH 45241