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2023 BUILT 16-UNIT THREE-BEDROOM TOWNHOMES
Portfolio of Four (4) Clustered Fourplexes
Incredible turnkey multifamily investment! Professionally managed, newly-built townhouse-style rental units are a passive investor’s dream. Built in 2023 these 16 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder’s warranty in 2024. Offers remarkable 6.56% cap rate Year 1 Actuals, 11.8 GRM & 23.7% Expense Ratio. 100% occupancy w/ tenant wait list. Mostly market rate tenants but also Section 8 approved, for consistent income. Long-term 5-year medical provider lease in place for 4 units 23% above-market rents.
Priced at $4,200,000
BUSINESS OPPORTUNITY TO OPERATE GAS STATION & CONVENIENCE STORE
Pierce County on Highway 7 with 25,000 Vehicles/Day
This is an opportunity for a new operator to come in & improve further upon an already strong-performing convenience store and fueling stations. There is also a recently installed kitchen hood & equipment for use. The current operations bring in an average monthly of around $70,000 inside sales revenues & 30,000 gallons of fuel sold from the eight (8) unleaded & four (4) diesel pumps available to 25,000 vehicles per day Pacific Ave/Hwy 7 that stretches 60 miles from Tacoma to Morton. Further operational improvements may yield higher gross and net margins. Furthermore, operating or sublease the kitchen hood for potential takeout orders and/or a quick-serve restaurant may bring an additional revenue stream into the business.
52-UNIT SKYWAY APARTMENTS & TOWNHOMES
Building Permits approved & ready to be issued
46 Apartment Units & 6 Townhomes. This 2+ acre lot designed for both apartment units and townhomes would become a great community with a diverse mix of households.
Priced at $1,700,000
SOLD Redevelopment Projects
35 Apartment Units & 5,000 SF Commercial
Light Rail: Rainier Beach Station
Featured Home Sales
SOLD - Feb 2023 to a Seattle Pro Sport Player
FULLY-RENOVATED SOMERSET BELLEVUE HOME
4 Bedroom 3.5 Bath 3,470 SF 16,514 SF Lot
Fully renovated with stylish details & timeless design. Light-filled interior highlighted by thoughtful updates, including new plank flooring & reclaimed old-growth wood accents. Kitchen boasts new cabinetry, quartz countertops & stainless steel appliances. Open to family room with shiplap accent wall & cozy fireplace. Primary ensuite features spa bath with soaking tub, over-sized shower, double vanity & walk-in closet. Versatile lower level includes two bedrooms, full bath, rec room with wet bar, office space, sauna & covered deck. New roof, new furnace & new tankless water heater. Excellent schools incl highly-ranked Somerset Elem & Newport HS. Prime location with easy access to downtown Bellevue, shopping, dining, freeways & airport. PRE-INSPECTION! 1 year Platinum Home Warranty provided to buyer.
Sold for $1,770,000 - 24 days @ market over holidays
SOLD DEC 2022
4 Bedroom 3.5 Bath 3,690 SF 100,188 SF Lot
Immaculate Renovation by award-winning design team, this spacious 3,690 SF home on 2.3 acres lot merely 8 miles to Redmond via Avondale Rd has 4BR, den & office, 3.5BA w/3-car garage. 15-ft vaulted ceilings. En suite Primary BR w/Jacuzzi & partitioned sitting area. 2nd BR w/full bath. 855 SF wraparound covered patio & outdoor gas fire pit. Hot tub outbuilding. Fully fenced backyard. RV parking & land for outbuilding/horses options. Jennaire SS appliances. Walk-in pantry. Security system. Central vacuum. Built-in speakers inside & out. Reclaimed old-growth fir accents salvaged from historical 1880 Tacoma City Hall Bldg. Flagstone hardscapes, wainscoting, custom tile spa shower, PRE-INSPECTION!1-yr warranty provided to buyer. No HOA.
Sold for Asking Price: $1,780,000
*** SOLD MARCH 2022 ***
4 Bedroom 2.75 Bath 2,238 SF 11,761 SF Lot
Experience tranquility on this .27-acre paradise. This 4bed/3bath home offer rare water views on each side of home (Sound and pool). Soak in the refreshing hot tub/pool, come out for your feet to be swept on a reclaimed wood swing in the oasis of the pergola, while getting toasty next to the gas firepit surrounded by luscious plants & flagstone hardscapes. Reclaimed wood, custom accents & never lived-in since extensive updates too many to list (see Supplemental): New furnace, AC, appliances & windows. Amenities include Wi-fi enabled fridge in the stunning kitchen, Wi-fi Sprinkler system, RV parking & utility room. Two (2) miles to Hwy 99 & 525 (leads to I-405 & I-5). PRE-INSPECTION! 1 year Platinum Home Warranty provided to buyer.