12037 1st Ave S Seattle, WA 98168

The Alcove Apartment was an under-performing asset located in South Seattle.  Meter did an extensive renovation completely transforming the property.  Average rents from $800 per month to $1200 per month representing a 33% increase in rent in less then 12 months.  The property purchased at a favorable pricing in an off market deal is being held for cash flow and long term appreciation.