The Nicole Apartments

Status: Active

List Price: $4,300,000

Units: 20 Units

CAP Rate:

Current: 4.59%

Pro Forma: 5.58%

NOI:

Current: $197,575

Pro Forma: $240,082

Unit Mix

Four Large Two- Bedrooms, 16 Large One-Bedrooms

Investment Highlights:

  • Significant Upside Through Light Renovations

  • New Concrete Sidewalks and Landings

  • Income Producing Laundry

  • Just Four Blocks from Swedish Medical Center

  • Walkable to all of Downtown Bars, Restaurants, and Shops

  • Updated Flooring, Kitchens, and Bathrooms in

    Most Units

  • Generous Floor Plans

  • Strong Mix of One- and Two- Bedroom Units

  • Exterior Walk-Up

  • Less Than 1 Block From Multiple New Residential

    Developments

 
 

Complimentary Asset Valuation

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