Investment Highlights
- Central Lake Stickney Neighborhood: Latitude sits directly between Mill Creek, Lynnwood, Martha Lake, and Paine Field. This accessible location is a high-demand rental market.
- Value-Add Opportunity: Nearly all units are primed for light cosmetic upgrades that could enhance their appeal significantly.
- Easy Access to Employment Hubs: Within 35 minutes of downtown Seattle, downtown Bellevue, and the Eastside tech corridor.
- 1.5 Miles to Everett's Boeing Facility: As the largest employer in Snohomish County, Boeing is a key driver of housing demand in the immediate area surrounding its Paine Field facility. The company was just approved by the FAA to increase 737 production and is receiving a record number of orders, factors which should translate to sustained growth at the Everett facility just down the road from Latitude.
- Housing Affordability: With the average Everett home priced at over $640K, homeownership remains significantly more expensive than renting at Latitude. Amid volatile interest rates and limited for-sale housing supply, rental living continues to offer a more accessible option for residents.
- Everett Light Rail Expansion: Latitude is roughly 0.25 miles from proposed Link Light Rail stops on the Everett Link Extension. The extension is voter-approved, and once complete, will connect Everett directly to Seattle and the Eastside via convenient mass transit.
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