Call for Offers due Thursday, April 24, 2025 | The Banks on Bradley
Here are some recent highlights on this opportunity and the Tri-Cities market:
- Projected to hit 90% occupancy by end of April with continued occupancy gains in May
- 70% renewal rate on the first 12 renewals, without any renewal concessions
- Tri-Cities Median Income is up +5.7% year-over-year, which is 50% higher than the national average, showing employment stability and economic growth in the Tri-Cities market
- The supply pipeline shows a steep drop off in supply in 2026 with just a 0.8% expansion of inventory and only 180 units planned to deliver next year.
- Even amidst supply deliveries the last 3 years, current rents are +2.4% year-over-year.
Reach out today to schedule a tour before our Call for Offers deadline!
Just Listed | Lords Apartments
Located blocks from downtown Walla Walla, Lords Apartments is a 10-unit property offering stable cash-flow due to its quality management and gut-renovated interiors. The property features two well-maintained buildings:
1) The Front House features 6 units in renovated condition and re-leased near market rents.
2) The Carriage House features 4 units that were completely redeveloped in the last few years.
Offered at $130k/unit and a 6.38% in-place cap rate, the property has a dependable financial profile supported by consistent operations due to the extent of the renovations completed to-date.
Visit the link in the comments, or call me at (509) 410-1990 for more information on this opportunity.
@simonsarris If you were ditching your phone (and thereby phone cameras altogether) but were a very novice photographer just starting out, with little kids like you have, what camera would you buy to replace the phone for everyday use (around home, walks, adventures, and formal gatherings)?
@levelsio Bedroom door open all night, air circulating as much as you can, that does most the work if you can’t crack the window. But 6am wake up from sunlight doesn’t sound so bad..
Does anyone have a Multifamily Asset Management guidebook or playbook they'd be willing to share or compare notes on?
I've built up an asset management portfolio (~1,500 units) and am introducing systems that will help us improve to the next level, but hoping to borrow lessons and learn from others who have seen it all already.
Price Improvement for Studio City Apartments!
This deal is an accessible entry point into the Moses Lake multifamily market featuring an improved price of just $52,200 per unit and in-place 6.15% cap rate due to recent occupancy and collections improvements with remaining operational upside to a 9.8%+ proforma yield. Studio City is a naturally affordable workforce housing asset in Moses Lake providing consistent demand and stable occupancy.
Please visit the link in the comments or call me at (509) 410-1990 for more information on this opportunity.
@davidellebrecht Well there you go!
One thing I’ve been thinking about is that so much of the work is not strictly within a process, so having some sort of task management that then has an “auto-draft” or something that clears the low hanging fruit on my or my team’s plate would be ideal
Just Listed | Grant Road Development Site
Situated along Grant Road, the main arterial in East Wenatchee, this 18.18 acre development site benefits from great visibility, straightforward access, and a location in the path of growth. Zoned R-H, permitted uses include high-density multifamily up to 540 units, single-family, and everything in between.
Visit the link in the comments or call me at (509) 410-1990 for more information on this opportunity.