Investment Highlights
- Excellent Real Estate: Meticulously maintained asset with attractive grounds. Recently refreshed clubhouse with centralized amenities, surrounded by 126 multifamily homes.
- Proven Value-Add Opportunity: All but nine of the homes feature mostly original finishes offering an opportunity for a cosmetic renovation. Renovated homes demonstrating up to $300 rent premiums.
- Strong Walkability: Just steps away from several bustling retail centers. Residents enjoy easy access to a variety of shopping options, dining establishments, and grocery stores.
- Easy Access to Employment Hubs: Centrally located between Seattle and Tacoma and less than 10 minutes from Interstate 5 for easy commutes to downtown Seattle, Sea-Tac Airport, Kent Valley, and the Eastside.
- Strong Rent & Population Growth: Over the past decade, Federal Way's population has steadily grown, with more residents opting for suburban living. Rising home prices have created a high barrier to entry, keeping renters in the market. Rent growth is forecasted at 5.0% in 2025, highlighting robust demand for rental properties.
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