Interlake 21
Interlake 21 was acquired in August 2023 at a $216k/unit purchase price in a strategic timing environment. The property is located just north of Seattle’s Green Lake neighborhood and the ownership group is executing on a business plan to renovation the units and reach a targeted stabilization of late summer 2024. Being located on the north end of Seattle is ideal given the growth metrics of the population in this submarket in the past decade.
Site SF: 10,000
Building SF: 15,800
Status: Renovation