The buildings are mostly located in neighborhoods which are under a lot of development.

Popular neighborhoods include Lakewood and Casa View, but larger multifamily properties can be expensive.

I wondered are these numbers due to housing pricing of the neighborhood being higher or the actual demand itself, since Bellevue is considered one of the higher pricing cities in WA.

Yes, I live in Montgomery County and have another rental in the same neighborhood that I purchased through a 1031 Exchange.

Hey Adonis if you are still shopping around for a product like this I would love to work.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Hi Jessica,Please let me know if I can be of any assistance or if you have any questions on neighborhoods or specific properties.

This is a high cost of living area, and in the neighborhood right now, I see a 3 BR of worse finish quality listed for $3k and a 4 BR that's about equal for $3900, both unfurnished with long term leases.

Happy shopping, Nicky!  

I haven't decided on the city/zip code/neighborhood in which I will be investing.