Overview
A rental-focused multifamily project located in a high-demand Seattle neighborhood. Designed for stable long-term performance and strong market appreciation.
Project Type: Multi-family apartment building
Developer: Solomon Roof Inc.
Investment Management: Diamond Capital Group
Location
10540 Greenwood Ave N, Seattle, WA
Greenwood Apartments
Total Raise
$2,213,653
Projected IRR
35%
Hold Period
24 months
Gross Floor Area
Stair Elev.
3,234 SF
Corridor
5,519 SF
Residential
40,876 SF
Lobby
816 SF
Commercial
2,986 SF
Storage
1,586 SF
Utility
1,120 SF
Trash
1,105 SF
M/E
3,315 SF
Subtotal
74,075 SF
Exterior Terraces
9,075 SF
Total
83,150 SF
Location Advantages
Seattle is one of the leading U.S. technology hubs, supported by major companies and a growing innovation economy. As the U.S. economy continues to grow, real estate in high-demand locations like Seattle offers stable income and strong return potential.
• Located in a rapidly developing area of North Seattle
• Strong demand for modern residential housing
• High inflow of IT and tech professionals
• Attractive for long-term rentals and resale
Financial Model
Subtotal
74,075 SF
Land Cost
4 500 000 $
Construction Cost
17 037 250 $
Sales Tax
1 771 874 $
Total Cost
23 309 124 $
Sale Price s/f
451 $
Total Sale
33 407 825 $
Period m
24
n/p
8 026 488 $
IRR
35%
Investors pay
6 261 825 $
% Investors
2 213 653 $
Net Profit Investors
2 213 653 $
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