Paragon Real Estate Advisors

Paragon Real Estate Advisors is pleased to announce the addition of Tanner Fogle to our team of multifamily brokers. Tanner represents our newest Senior Investment Advisor and brings with him expertise and extensive knowledge focused on multifamily investment sales in the South King and Pierce County areas.

Just Sold – Island Terrace Apartments + SFR Pleased to announce the closing of the Island Terrace Apartments + SFR. This mercer island investment property closed at $515 per square foot and a current Cap Rate of 4.9%. ?The seller on this property was represented by Eric Smith and Michael Urquhart. Please reach out if you would like to connect on the Multifamily market in the Puget Sound Region.

Just Sold | Manning Place Apartments | West Seattle I’m pleased to have assisted the owners with the sale of their 27-unit mixed-use building on California Ave in West Seattle. This property has been well maintained and is in a fantastic location, ensuring it will remain a strong investment for years to come!

Just Listed – The West Seattle Portfolio????? The West Seattle Portfolio is comprised of three value-add deals in attractive West Seattle locations. The offering presents a unique basis play to acquire well cared for buildings at a low entry price of $237,142/unit and $300/net rentable sq. ft. The buildings are a mix of 1bd/1bth, 2bd/1bth, and 2bd/2bth units with an average unit size of 790 sq. ft. About half the units have been partially remodeled with updated counters, cabinets, appliances in some units, bathroom vanities and bathroom lighting. Significant rental upside exists in the current building conditions and furthermore through the completion of cosmetic renovations to all units. The buildings may be sold individually or as a portfolio. Please reach out for more information on this listing, insights on the Puget Sound Apartment Market or for a free property valuation.

Just Listed | 36-Unit Value-Add in Tacoma, WA

Just Listed - Whitman 5 Unit Great opportunity to purchase a well located and stabilized asset. The property consists of four remodeled 2BD units and a fifth ready for the next owner to complete the value-add play. All units have a deck or a patio and the property contains four tandem tuck-under parking stalls with an additional uncovered stall. For the full offering memorandum or more information on the listing please reach out to Brian Platt, Ben Douglas or myself. Michael Urquhart (206) 812-9123 [email protected]

Paragon Real Estate Advisors is pleased to present The Val Anne, a 49 unit multifamily property located on the south slope of Queen Anne, one of Seattle’s most coveted and prestigious neighborhoods. Built in 1958 and extensively renovated in 2019, the Val Anne offers highly sought after classic mid-century modern units which appeal to young urban professionals. The Val Anne is comprised of a mix of studio, one-bedroom, and two-bedroom units along with 2 stunning penthouse units. 19 units have views of the City Skyline and Puget Sound, in addition 9 units enjoy private balconies. The two Penthouse units are in a league of their own with sweeping views of the city and sound. The 3 bedroom Penthouse unit has a 565 square foot roof-top terrace perfect for entertaining as well as providing as a private quiet oasis within the city. The Val Anne offers an exceptional opportunity for a new investor to acquire a top-quality investment that will continue to appreciate over time. Currently the rents are approximately 10% below market and can be increased on turnovers or with proper notice. Seller is willing to offer $2,000,000 of favorable preferred equity, interest only to approved buyer that is co-terminus with the assumable, existing mortgage.