209 22nd Ave S Seattle, WA 98144

• Purchase Price (2012): $3,665,000
• Cap X into Rehab: $1,985,858
• Net Operating Income at time of sale: $473,795
• Sale Price (2013): $7,775,000
• IRR: 80.39%

Acquired a 36-unit value-add property in Seattle’s Central District and executed a successful repositioning strategy within a 14-month hold period. The investment enhanced property value while contributing to the continued revitalization of the surrounding neighborhood.