Investment Overview

Originally constructed in 2001, the Olympic View Apartments is a nine unit apartment community over three retail suites located in the heart of Fremont. Perched above the trees, Olympic View offers residents spacious two bedroom two bathroom townhomes, with select units offering views of downtown Seattle and the Olympic Mountains. Since the pandemic began, larger apartments have been in high demand and with an average unit size of almost 1,324 square feet, it’s no wonder Olympic View’s units are always in high demand. Larger units coupled with unparalleled access to main arteries and major employers make Olympic View an ideal place to call home. Olympic View consists of nine ±1,324-square foot two-bedroom/two-bathroom units. Each unit features a spacious living and dining room, two decks, oven/range, refrigerator, washer/dryer in unit and secure garage parking. This offering presents an excellent opportunity to purchase a mixed-use building with strong appeal, while being able to take advantage of significant rental upside. At a purchase price of $4,700,000, Olympic View Apartments offers an investor a combination of residential and commercial income, with three ground floor retail suites offering a diverse income stream. An incoming investor can easily justify spending the necessary dollars on renovating the units to achieve an excellent cash on cash return. Our proposed renovation package would include new luxury vinyl plank flooring, quartz counters, new shaker style cabinets, updated lighting package, fresh paint, upgraded appliances, and a light bathroom refresh.