Investment Highlights
- Housing Affordability: The average single-family home price within The Grove's zip code is nearly $680,000, making homeownership 57% more expensive than renting at The Groves. Amid rising interest rates and limited for-sale housing supply, rental living continues to offer a more accessible option for residents.
- Recent Capital Improvements: Current ownership has invested significant capital into the property, including a full amenity package renovation and interior upgrades to approximately 68% of units.
- Value-Add Opportunity: Opportunity to drive rental upside by completing unit renovations and creating a more consistent, modern finish level across the property.
- Expansive Amenity Package: Unrivaled amenities package including stand-alone amenity buildings including a newly renovated clubhouse and leasing center with adjacent outdoor heated pool and BBQ area.
- Easy Access to Major Employment Hubs: Centrally located from the main employment hubs of downtown Seattle, Bellevue, and the Eastside (25 to 35 minutes). Kent Valley, Renton, and Seattle-Tacoma International Airport are all within 15 minutes. The Sounder Commuter Train offers a convenient commute to downtown Seattle with Kent Station within two miles of The Groves.
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