Contrail Vista Apartments 3201-3205 S 208th St 12 Unit Apartment Building $2,870,805 CAD ($239,234 CAD/Unit) 4.36% Cap Rate Seatac, WA 98198

Paragon Real Estate Advisors is pleased to exclusively offer for sale the Contrail Vista Apartments; a 12-unit, value-add apartment community in a desirable pivot-point location.
Built in 1979, the Contrail Vista consists of three fourplex buildings sitting on a 27,000 square foot lot. All the units are spacious (905 square foot) two-bedroom/one-bathroom floorplans and feature in-unit laundry and a complete kitchen appliance package. Units also feature fireplaces and private balconies/patios. Residents enjoy ample off-street parking with approximately 31 total surface stalls. The property is well positioned in a transit-oriented community with quick access to the nearby Angle Lake light rail station, major freeways, public transportation and the Sea Tac airport. Residents enjoy quick access to surrounding cities and nearby amenities and shopping destinations such as Soutcenter, and Kent Station.
Contrail Vista offers an investor the opportunity to acquire a well-located, low maintenance apartment community with immediate income upside and opportunity to add value. New ownership can immediately push income in several ways and take advantage of the strong surrounding submarket and has the option to add further value through a renovation and repositioning plan for an even greater return.