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Multifamily

Willowcrest

Seattle, WA

75 Units

Built in 1988

Value Add

Investment Highlights

  • Willowcrest offers value-add opportunity in one of the top investment markets in the nation by completing straightforward unit renovations.
  • The Puget Sound region has been experiencing record growth over the past decade and shows little signs of slowing as the technology, e-commerce, and internet industries that have led much of the growth continue to expand. Amazon alone expects to have room to accommodate 85,000 in Seattle and Bellevue by 2023.
  • Previously renovated homes at Willowcrest are showing proven rental premiums of at least $200 per month with their current renovated scope. Additional improvements can be done to the renovated units to further attract today's modern renter and maximize rents to better compete with renovated and newer construction properties.
  • Residents of Willowcrest are within 20 minutes of Seattle's Central Business District (CBD). The CBD is the Pacific Northwest's largest employment center which accounts for over 300,000 jobs.

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