21428 International BlvdSeaTac, WA 98198

This stabilized Class B apartment building, built in 2011, presents a compelling investment opportunity. The property boasts 90 units across three four-story buildings situated on a spacious 1.51-acre lot in SeaTac, Washington. Unit sizes range from studios to two-bedroom apartments, with 36% being two-bedroom units. The property includes 148 parking spaces in a secured garage with direct elevator access, generating over $75,000 in annual income. Two large rooftop decks offer stunning Puget Sound views, and many units feature western-facing patios with water views. Amenities include in-unit washers and dryers, and two playgrounds. The property's location is highly desirable, with convenient access to SeaTac Airport, light rail, major employers, and nearby amenities such as a grocery store, restaurants, and coffee shops. The existing unit finishes offer significant potential for value-add renovations. The property's strong submarket fundamentals, including high renter demand and projected rent growth, further enhance its investment appeal. The permitted zoning is UH-900, and the APN is 092204-9061. The net rentable square footage is 56,111. Current occupancy is expected to reach 95.3% by year-end, representing a 70 basis point gain. Annual rent growth is projected at 4.7% over the next two years.