Investment Highlights
- Value-Add Investment Opportunity: Most unit interiors retaining vintage finishes. An incoming investor can capitalize on this potential by implementing cosmetic upgrades and common area enhancements.
- Recent Capital Improvements: Well-maintained community with mature landscaping and lush green lawns. Current ownership has recently completed significant capital improvements and upgrades.
- Access to Major Employment Hubs: Centrally located from the main employment hubs of Seattle, Bellevue, Kent Valley, Renton, and SeaTac.
- Proximity to Valley Medical Center: Largest hospital in South King County with over 4,000 employees located within three minutes of Copper Ridge. VMC retains and attracts remarkable talent due to its competitive pay and top-tier benefits.
- Strong Submarket Growth: Over the past decade, Renton's population has steadily grown, with more residents opting for suburban living. Rent growth in Renton is forecasted at 6.1% within the next 12 months.
- Rental Affordability: With current interest rates, homeownership would be almost three times more expensive than renting at Copper Ridge. As home prices continue to climb, housing affordability continues to remain unfavorable.
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