Green Tree Apartments 6405 NE Hazel Dell Ave 67 Unit Apartment Building $11,073,510 CAD ($165,276 CAD/Unit) Vancouver, WA 98665

- Interior renovations Tied to Measurable Rent Deltas: Targeted upgrades—LVP flooring, appliance packages, cabinet fronts/hardware, lighting/plumbing trims, paint—can move Greentree closer to competitive pre-1989 peers while remaining materially below post-1990 and new stock.
- In-Unit Laundry Where Feasible (2BR focus): If existing hook-ups are verified, adding stacked W/Ds in 2BRs typically supports outsized premiums and reduces turnover; where not feasible, offer rentable W/ Ds or enhanced laundry facilities to capture ancillary income.
- Activate the Common Area: Convert the underutilized open space into a fitness + lounge + outdoor social node. Amenity activation supports rent premiums on larger plans, improves leasing optics, and creates a differentiated experience versus un-amenitized vintage peers.
- Professional Management & Marketing: Vancouver continues to attract population growth driven by its affordability, healthcare employment base, and desirable lifestyle. Investors benefit from a lower cost basis and higher cap rates relative to more urbanized metros, without sacrificing long-term demand fundamentals.
- Expense Discipline & CapEx Sequencing: With roofs and decks addressed, sequence interiors and amenities first to accelerate NOI growth; follow with curb appeal (landscape, signage, paint) to sustain pricing power.