10031 SE 258th Place Kent, WA 98030

Highlights:

• Purchased in 2017
• 81 unit 3 bedroom townhome community with attached garages
• Limited supply in the market supports long-term hold strategy
• Performing above rent projections across all units
• Significant renovations completed in both common areas and unit interiors
• Focused on maximizing NOI and long-term cash flow growth

Financials:

• Purchased Price: $20,000,000
• Price/SF: $180
• Renovation Budget: $1,464,000
• Total Equity: $5,350,000
• Proforma CAP Year 2: 6.61%
• Proforma Avg 5 Year COC: 11.6%