The Sunwood Apartments is a 25 unit apartment located in Burien, WA. We purchased the building in 2014 as a value-add project in a strong location across the street from Highline Community Hospital and blocks away from the redeveloped town center.
Upgrades were finalized in winter of 2015 including granite counters, stainless appliances, new cabinets, tile and hardwood floors, new lighting, and an exterior face-lift.The Sunwood closed in July of 2019 for $5,500,000. We bought the building for $2,500,000 in 2014. We posted a 36% per year annual return.$2,500,000
5 Years
$5,500,000
Price per Unit
36%
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.
