Investment Highlights
- Large Floor Plans: Spacious two- and three-bedroom floor plans averaging ±1,106 square feet, appealing to families and long-term renters. Units offer generous storage with linen closets and kitchen pantries, private decks or patios with additional exterior storage, and top-floor units include wood-burning fireplaces and vaulted ceilings.
- Affluent Neighborhood Demographics & Schools: Vista Ridge is located within an affluent Eastside community, with an average household income of $149,513 within a one-mile radius. The Property is served by one of Washington State's top-ranked school districts, with assigned schools receiving ratings of 8/10 to 10/10 by GreatSchools.
- Strong Rent vs. Own Dynamic: With average home values of $1.2 million in the 98027 zip code, barriers to homeownership remain high despite the region's strong disposable incomes compared to other West Coast tech markets. Vista Ridge offers a more attainable housing option, with savings of approximately 63% compared to owning a home in this highly desirable submarket.
- Prime Eastside Location: Ideally situated in the scenic Cascade foothills, Vista Ridge offers convenient access to Interstate 90 and is approximately 10 and 30 minutes from Bellevue and Seattle.
- Walkable to Downtown Issaquah: Vista Ridge is within walking distance of downtown Issaquah's Front Street, offering a variety of local dining, retail, and entertainment options.
- Value-Add Opportunity: All units retain their original vintage finishes, offering a straightforward value-add opportunity to capitalize on rental upside across the rent roll.
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