209 22nd Ave S Seattle, WA 98144

Overview:

• Purchase Date August 24, 2012
• Sold Date October 2, 2013
• Deep value add opportunity in the heart of the Central District
• Successful increase to the value of the property and the surrounding neighborhood.

Financials:

• Purchase Price $3,665,000
• Cap X into Rehab $1,985,858
• Total Cost $5,650,858
• Net Operating Income at Time of Sale $473,795
• Performance Cap at Time of Sale 8.38%
• Sale Price $7,775,000
• IRR 80.39%