1220 Remington Ct, Seattle, WA 98122

Highlights:

• Acquired three abandoned buildings in 2013 through an off-market transaction near Seattle University
• Repositioned two buildings with full “down-to-the-studs” renovations and redesigned floor plans to meet neighborhood housing demand
• Demolished the third structure and developed a new building on the site
• Delivered modern design and efficient layouts while maximizing revenue through rent, storage, and parking
• Benefited from neighborhood revitalization driven in part by Vulcan Real Estate and other mixed-use developments
• Successfully refinanced during ownership, returning 100% of original investor equity
• Generated a significant return for investors upon sale

Financials:

• Purchase Price (2013): $1,700,000
• Total Rehab Investment: $2,389,000
• Sale Price (2017): $7,600,000