Investment Overview

Built in 1984, the Windjammer is a Four-building, and twenty-eight-unit community centrally located in Ocean Shores, WA. Directly in the middle of the Ocean Shores Golf Course. Windjammer is an attractive community for families and local workers. From a tenant’s perspective, proximity to the beach, golf course and other attractions make this a great place to call home. Windjammer, the largest market-rate apartment community in Ocean Shores, consists of six studios; twelve one-bedroom, one-bathroom; ten two-bedroom, one-bathroom units averaging 655 square feet. Each unit features modern kitchen appliances, . At a purchase price of $4,235,000, Windjammer offers outstanding price per pound metrics at $151,250 per unit and $231 per square foot. An incoming investor can achieve over an 9% cash on cash return in year one. Windjammer is an incredible opportunity to own in a market that has low competition.