Investment Highlights
- Turn-Key Asset with Significant Capital Reinvestment: Pride of ownership is evident throughout, with substantial renovations completed across the asset, including interior and exterior improvements.
- Light Value-Add Opportunity: The Row presents an opportunity for a future owner to implement a light value-add strategy through targeted interior and exterior enhancements to appeal to high-end renters on the Eastside. Suggested cosmetic upgrades include new paint, upgraded flooring, and in-unit technology packages.
- Affluent Demographics & Top Ranked Schools: The Row benefits from a highly affluent surrounding demographic, with average household income exceeding $190,000 within a one-mile radius and 43% of households earning more than $200,000 annually. The property is located within the Lake Washington School District, ranked among the top school districts in Washington State.
- Wide Rent vs. Own Gap: With median home values nearing $1.6 million surrounding The Row, barriers to homeownership remain exceptionally high. Estimated monthly homeownership costs are nearly three times the property's average Pro Forma rent, making The Row an attractive and affordable rental alternative in the Bellevue market.
- Strategic Bellevue Location: In one of the region's most affluent and desirable submarkets, The Row benefits from a strategic hub-and-spoke location with convenient access to I-90 and I-405.
- Spacious Townhome Floor Plans: The Row features spacious two- and three-bedroom townhomes and flats averaging an impressive ±1,183 square feet, offering some of the largest units in the market.
Exclusively listed by
Related Research
More Listings from Gio Napoli
The Row Townhomes
