Paragon Real Estate Advisors is pleased to announce the exclusive listing of the Vashon Vue Apartments. This 11-unit building presents the opportunity to acquire an in-place 6.5% current cap rate with operational up-side to reach a 6.8% proforma cap rate. The Buyer will further have the opportunity to assume the existing loan with an approximate balance of $1,155,000 at a 5% interest rate fixed until January 2031. The Vashon Vue consists of four classic and four renovated 1-bedroom/1-bathroom units, each 620 square feet, along with two classic and one renovated 2-bedroom/1-bathroom units, each 780 square feet. The renovated units feature LVP flooring, formica countertops, stainless steel appliances, and a tasteful vanity package for the bathrooms. The location of the Vashon Vue offers proximity to several well-regarded schools, including Midway Elementary and Mount Rainier High School, making it an ideal location for families. The area is rich in amenities, with Des Moines Creek Business Park and Highline College nearby, as well as easy access to SeaTac Airport and shopping at Kent Station and Westfield Southcenter Mall. For outdoor enthusiasts, the location provides easy access to the Des Moines Creek Trail and Saltwater State Park, perfect for hiking, biking, and enjoying the picturesque views of Puget Sound. Additionally, it is conveniently located for quick commutes to both Seattle and Tacoma.