Granview is a 28 unit apartment building north of the Green Lake neighborhood in Seattle. We purchased the building in August of 2016 and completed the remodel late in 2017. The building was built in the early 2000s and was the perfect candidate for a cosmetic remodel.
After we sold the Cobblestone apartments, we rolled two of the three TIC’s (tenancies in common) into the Granview via 1031 exchange. In this way we were able to defer the capital gains from the sale.
On December 15, 2021 we sold Granview and realized a 16.8% per year return over the 9 years of hold, going back to the initial exchange
$5,500,000
5 Years
$7,50,0000
16.80%
7.17%
Cap Rate on Cost
6.73
GRM on Cost
Achieving Your Vision
Planning for retirement is essential to your long-term financial well-being. At Finovate, our experienced team collaborates with you to identify your retirement goals and crafts a tailored, comprehensive strategy to help you achieve them with confidence.
How Can Our Team Help You to Reach Your Goals
Learning About You
Schedule a 30-minute call with our professional to discuss your goals and how we can help. This phone or Zoom call also outlines who we are and our process.
Organized Meeting
Meet with our team to gather the necessary data for your Financial Plan. We’ll discuss your finances, lifestyle, and goals, including investments, assets, expenses, and income.
Plan Meeting
Our advisor will present your personalized financial plan, ensuring it aligns with your evolving needs and goals, and provide clear steps to help you reach your financial objectives.
Implementation
Your advisor will send a copy of your plan with an actionable list of recommendations. We’ll implement and manage these, keeping you updated.
