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Multifamily

Hangar 128

Everett, WA

223 Units

Built in 1986

Value Add

Investment Highlights

  • Value-add opportunity: ability to complete renovations on the remaining 25% of units with classic finishes. Further enhancements could increase rental premiums across all units.
  • Excellent amenities package: renovated aviation-themed clubhouse with leasing office, business center, and adjacent pool and sun deck. Other amenities include a fitness center, picnic areas, and more.
  • Balanced unit mix with large homes: one-, two-, and three-bedroom homes averaging a spacious ±878 square feet featuring wood-burning fireplaces and private decks or patios for each home.
  • Easy access to major employment and tech hubs: within 25 minutes of downtown Seattle, downtown Bellevue, and the Eastside Tech Corridor. 15 minutes to Bothell's life science employment hub. Convenient access to Interstate 5 and Interstate 405.
  • Low density community: located on ±10 acres, buildings are scattered throughout lush green lawns, mature landscaping, and fir trees.
  • Well maintained asset: Recent improvements include new exterior paint on all buildings and new roofs on just over half the buildings.

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