Investment Highlights
- Excellent Eastside Location: Ideally situated at the intersection of I-90 and I-405, offering exceptional access to both Bellevue and Seattle. Located in a highly desirable Bellevue submarket.
- Well-Maintained, Turn-Key Asset: Low-density community offering an exceptional quality of life through preserved open space and a serene residential setting. On the market for the first time.
- Large Floor Plans: Spacious two- and three-bedroom floor plans average ±1,088 square feet, appealing to families and long-term renters.
- Light Value-Add Opportunity: Ability to capitalize on rental upside through light cosmetic upgrades to unit interiors in order to appeal to high-end renters on the Eastside. Current in-place rents are approximately 20% - 30% below market compared to similar nearby communities.
- Affluent Neighborhood Demographics: Located in an upscale Eastside neighborhood with an average household income of $177,469 within a one-mile radius. Served by Washington's top-ranked school district, with assigned schools rated A+ and A by Niche.com.
- Rent vs. Own Disparity: With median sale price of $1.8 million in the 98005 zip code, barriers to homeownership remain high despite Bellevue's strong disposable incomes compared to other West Coast tech markets. Juniper Ridge offers residents a cost-effective rental alternative, with savings of approximately 75% compared to owning a home in this sought-after submarket.
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