INVESTMENT HIGHLIGHTS

Current GRM 13.1 / 4.9% – Market GRM 11.1 / 6%
This 22-unit apartment building has a strong appeal for those interested in the high-demand Bellevue market. (R-30)
Built in 1981/94, it has a strong track record of success. This owner-managed property offers a proven income stream for investors. Many units have been renovated with new flooring, cabinets, appliances. Some capital improvements were made 2 y ago. Majority renters are on a 12-month lease. There is ample parking and no HOA to cause additional issues.
The well-balanced unit mix is as follows: 1b/1b – 10 units, 2b/1b – 10 units, 1.5b/1b – 2 units
Situated on a highly visible high-traffic location, the complex gets great exposure on Factoria blvd. Property is close to Microsoft Advanta, T-Mobile, Ericsson, many hospitals, East Link. Buyer to verify.
Tenants are unaware of the sale. Please be discreet when viewing the property and do not speak with tenants. Contact the listing broker to schedule a tour and for more information.

RYAN ILES: Ryan@ParagonREA.com | (206) 812-9119