Beacon View is a 95 unit low-rise apartment community located minutes away from Seattle downtown and blocks away from Amazon's world headquarter. Bascom acquired this tired asset from a local Seattle owner who owned and managed the building for over twenty years. Upon taking over, Bascom planned a $1M renovation program to enhance the curb appeal and unit interor finishes. Currently, Beacon View is one of the best apartment communities in the neighborhood and is able to produce over 10% cash-on-cash return.

City
Seattle, Washington
Units
95
Renovation Budget
$1.0M ($10,500/ unit)
Debt Partner

Prudential Mortgage Capital

Equity Partner

Wilson Investment Associates, Individual Private Investors