Investment Highlights
- Strong Rent vs. Own Dynamic: With median home values nearing $1.4 million in Redmond, barriers to homeownership remain exceptionally high. Estimated monthly homeownership costs are four times the property's average in-place rent, making 95th Court a compelling and affordable rental alternative in one of the Eastside's most desirable submarkets.
- Excellent Eastside Location: Perched above downtown Redmond in a quiet neighborhood, 95th Court combines a serene residential setting with convenient access to premier employment and lifestyle hubs.
- Well-Maintained, Turn-Key Asset: Offered for sale by the original developer for the first time, 95th Court has been impeccably maintained and reflects exceptional pride of ownership.
- Large Floor Plans: Spacious one- and two-bedroom floor plans average ±1,012 square feet, appealing to families and long-term renters.
- Light Value-Add Opportunity: An incoming investor has the ability to capitalize on rental upside through light cosmetic upgrades to unit interiors, positioning the community to appeal to high-end renters on the Eastside. Current in-place rents are approximately 20% below market compared to similar nearby communities.
- Affluent Demographics & Premier Schools: Located in an upscale Eastside neighborhood with an average household income of $178,440 within a one-mile radius. Served by the award-winning Lake Washington School District, recognized as one of the top school districts in Washington State.
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