Skip to main content

Scroll Down

View Full Details

Multifamily

Griffis North Creek

Bothell, WA

524 Units

Built in 1999

Suburban Core

Investment Highlights

  • Best-in-Class Community: Superior physical plant built in 1999 and situated on nearly 50 acres. Low-density, wooded park-like setting located along a nature reserve and wetlands.
  • Resort-Style Amenities: oversized swimming pool and spa, newly renovated clubhouse, large fitness center, BBQ areas, walking trails, children's playground, and fenced dog park.
  • Value-Add Opportunity: 57% of units primed for cosmetic upgrades. Current ownership recently renovated 43% of units to a high-end renovation scope. Previous renovations were completed in 2015.
  • Balanced Unit Mix: one-, two-, and three-bedroom homes available averaging ±835 square feet. Private decks or patios on all homes with views of greenbelts from most units. Built-in bookshelves and desks in most homes.
  • Excellent Bothell Location: Centrally located in Bothell's tech and biomedical corridor in Seattle MSA's thriving Eastside. Affluent neighborhood with average household income of $142,289 within two miles. Located in the highly-rated Northshore School District.
  • Eastside Employment Growth: The Eastside's tech industry has been rapidly expanding with no signs of slowing down; Amazon, Facebook, Google, and Microsoft anticipated to bring in nearly 50,000 jobs alone by 2025, all within 15 to 20 minutes of Griffis North Creek.

Exclusively listed by

Related Research

Back to top

More Listings from Philip E. Assouad