Paragon Real Estate Advisors pleased to announce the exclusive listing of the Ridge at Panther Creek Apartments, a 22-unit value-add opportunity.
The property features 22 nearly identical 2 bed/1.5 bath townhouse style units with full appliance packages that include a full size washer and dryer, dishwasher, and refrigerator. There are 5 buildings on one parcel and all 5 of the roofs were replaced in February of 2025. There are 44 parking spots in total with 37 carport spaces.
Ownership has been consistently improving the property and handling deferred maintenance items over the last 12 months with the introduction of Guide Property Management. The property presents immediate operational upside due to expense load of nearly 50% of EGI. Four of the units have been renovated with LVP floor, quartz countertops, kitchen cabinets, and bathroom vanities leaving a renovation value-add opportunity with the remaining 18 units.
Ideally situated in Kent’s vibrant East Hill neighborhood, this property offers residents convenient access to shopping, dining, and top-rated schools while maintaining a peaceful suburban feel. Minutes from major highways, public transit, and bustling retail centers, the location provides seamless connectivity to the Kent Valley, Seattle, Bellevue, and surrounding employment hubs. With nearby parks, recreational facilities, and a diverse community, this prime location blends urban convenience with natural beauty, making it an exceptional place to invest.