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Multifamily

The Cooper

348 Root Path NW, Bainbridge Island, WA 98110

Listing Price: Request For Offer

Number of Units
20
Gross SF
17,578

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale The Cooper Apartments located at 348-390 Root Path NW in the city of Bainbridge Island. The Property consists of 20 condo quality units constructed in 2014. This unique listing is a part of the Grow Community of Bainbridge Island, Washington State’s largest net-zero community*. It was designed and built with high quality sustainable materials and is LEED Green Certified. Each unit is equipped with energy efficient stainless steel appliances including washer and dryers. This is a one-of-a-kind neighborhood dedicated to sustainable, healthy living. The Complex is comprised of 2 buildings that consist of 4 studios averaging 477 square feet, 4 two-bedroom/one bathroom flats averaging 867 square feet and 12 two bedroom/one bathroom townhouse units averaging 1,018 square feet. The property consists of 17,578 net rentable square footage on a .30-acre site. The units have open living spaces, exposure to southern daylight, and private patios. Common area amenities include communal gardens and a clubhouse. The property has 22 parking stalls and access to EV charging stations. The property is located less than 1 mile from Downtown Winslow and the Bainbridge/Seattle Ferry Terminal. Bainbridge Island is a highly-sought after, affluent, bedroom community of Seattle with thriving art culture and excellent schools. This location provides tenants with convenient access to shopping, dining, parks, and the ferry within a 10-minute walk from the property. The ferry is a short 35-minute commute to downtown Seattle. The Cooper offers an investor the opportunity to own a high-quality investment property near the growing downtown of Winslow on Bainbridge Island. There is substantial rental upside at the property and very low turnover. Rents are averaging just $2.34 per square foot when comparable properties in the market are achieving upwards of $3.00 per square foot. In addition to strong occupancy and rental upside, an investor can explore the potential to convert the units to condos. Condominiums in the Grow Community are currently selling for an average of $632,167. Given the condo-quality finishes, rental upside, and extremely desirable location this makes the Cooper an extremely attractive investment opportunity.

Investment Highlights

  • Less than 1 mile to Downtown Winslow & Bainbridge/Seattle Ferry.
  • 2014 LEED Green Certified Construction
  • Part of the Grow Community, Washington State's Largest Net Zero Community

Exclusively Listed By

Financing By

  • Tammy Linden

    First Vice President Capital Markets

    Direct:

    Email Tammy

    Seattle, WA

Listing Price: Request For Offer

Number of Units
20
Gross SF
17,578

Investment Highlights

  • Less than 1 mile to Downtown Winslow & Bainbridge/Seattle Ferry.
  • 2014 LEED Green Certified Construction
  • Part of the Grow Community, Washington State's Largest Net Zero Community

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale The Cooper Apartments located at 348-390 Root Path NW in the city of Bainbridge Island. The Property consists of 20 condo quality units constructed in 2014. This unique listing is a part of the Grow Community of Bainbridge Island, Washington State’s largest net-zero community*. It was designed and built with high quality sustainable materials and is LEED Green Certified. Each unit is equipped with energy efficient stainless steel appliances including washer and dryers. This is a one-of-a-kind neighborhood dedicated to sustainable, healthy living. The Complex is comprised of 2 buildings that consist of 4 studios averaging 477 square feet, 4 two-bedroom/one bathroom flats averaging 867 square feet and 12 two bedroom/one bathroom townhouse units averaging 1,018 square feet. The property consists of 17,578 net rentable square footage on a .30-acre site. The units have open living spaces, exposure to southern daylight, and private patios. Common area amenities include communal gardens and a clubhouse. The property has 22 parking stalls and access to EV charging stations. The property is located less than 1 mile from Downtown Winslow and the Bainbridge/Seattle Ferry Terminal. Bainbridge Island is a highly-sought after, affluent, bedroom community of Seattle with thriving art culture and excellent schools. This location provides tenants with convenient access to shopping, dining, parks, and the ferry within a 10-minute walk from the property. The ferry is a short 35-minute commute to downtown Seattle. The Cooper offers an investor the opportunity to own a high-quality investment property near the growing downtown of Winslow on Bainbridge Island. There is substantial rental upside at the property and very low turnover. Rents are averaging just $2.34 per square foot when comparable properties in the market are achieving upwards of $3.00 per square foot. In addition to strong occupancy and rental upside, an investor can explore the potential to convert the units to condos. Condominiums in the Grow Community are currently selling for an average of $632,167. Given the condo-quality finishes, rental upside, and extremely desirable location this makes the Cooper an extremely attractive investment opportunity.

Exclusively Listed By

Financing By

  • Tammy Linden

    First Vice President Capital Markets

    Direct:

    Email Tammy

    Seattle, WA

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