Camelia on Bainbridge delivers robust cash flows across multifamily and commercial income streams, with an ideal unit mix of studios, one-, two-, and three-bedroom floorplans; a light value-add opportunity built for durable performance.

Zero multifamily projects are under construction or in lease-up on Bainbridge Island. This supply constraint means sustained rent growth and long-term performance.

At 71 units, this acquisition represents ~13% of total submarket inventory with diversified income streams. The early 2000s vintage minimizes near-term capital risk and deferred maintenance exposure.

18 units (25%) are already renovated and capturing strong premiums. The remaining 53 classic units are primed for the same upgrades, supporting $300+ in additional rent upside with mark-to-market opportunity across the full portfolio.

18 units (25%) are already renovated and capturing strong premiums. The remaining 53 classic units are primed for the same upgrades, supporting $300+ in additional rent upside with mark-to-market opportunity across the full portfolio.

Situated within Winslow Centre, the Island’s primary hub for commercial activity, public investment, and growing residential density that is fully aligned with the city’s Comprehensive Plan.

Average household income is $203,435 (1-mile) and $221,835 (5-miles), with five-year projections of $268,875 and $295,358 respectively, providing a wealthy, expanding renter base driving sustained demand.

Since April 2024, ownership has invested $300,000+ in interior upgrades and $22,000+ into the leasing office, roof, and fire panel improvements, reducing buyer risk from day one.