Innsbruck Apartments

Seatac, WA

Closed 11/2015
30 units built in 1964; 31st unit added
Purchase price: $2,600,000
$900,000 capital improvement program
Freddie Mac fixed debt at 3.82%, 5 year term
Sold 12/27/2019 for $5,975,000
IRR of 22.1%, 2.2 multiple to investors