Paragon Real Estate Advisors is pleased to announce the exclusive listing of the Haven Apartments. The Haven is a well-located apartment building on California Ave, just south of Morgan Junction, offering a prime opportunity for investors in the vibrant West Seattle market. This asset features a desirable unit mix of 8 generously sized 1BD/1BTH units and 8 spacious sized 2BD/1BTH units, catering to a broad range of potential tenants. The Haven is a great value-add opportunity with a low entry basis of $206,250 per unit and $251 per square foot. Current rents are well below market presenting significant potential to enhance revenue through increased rents, parking fees, utilities charges, pet rents, and further cosmetic upgrades. The offering presents the opportunity for a buyer to get to a 7.6% market cap rate by lifting rents to market or further allows a buyer to get to a 8.2% renovation cap on cost using a $35,000/unit renovation budget for original units and a $20,000/unit renovation budget for the partially renovated units. The Haven is apart of a larger portfolio including three other West Seattle apartment buildings. Reach out to the listing agent for more information on those buildings.