Jupiter155 17th Ave Seattle, WA 98122
A unique opportunity was created due to our in-depth understanding of land use codes in Seattle. A former parking lot at Stella Apartments was rezoned giving us the ability to create a 20 unit micro studio apartment complex. With rents averaging $1055 per unit we were able to create $3,145,000 of value; creating affordable in-city apartments from an underutilized parking lot.
Jupiter was sold in 2017 creating a significant return for our investors.